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China Warns Of Excessive Industrial Investment.
Member rating: No Rating | Words: | Submitted: Fri Sep 17 2004
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Ali Abdullah Economics Commentary 1 LPCUWC Year 1 (2003-04) 23rd February 2004 Title: China Warns Of Excessive Industrial Investment. Source: Xinhua News Agency Author: Unknown Date of Article: August 12, 2003 Key Issue: Excessive Supply of Steel Total Words: 750 China has been having an excessive production of steel since the beginning of year 2003. The article illustrates that there has been excessive investment in the steel market (excessive production of steel). The steel is basically used in building materials, nonferrous metals, and automobiles. It also describes to us that this is due to the duplication in construction. It tells us how the government it dealing with the excessive supply of the steel and how it is affecting the economy of the country. It is leading to high rate of unemployment and bad loans that are causing loss the banking sector as mentioned later in the article. The quantity demanded of a good or service is...
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