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The statement called for continued but unspecified industrial reforms to address the problem of overcapacity.
At the same time new plants in the Gulf and China are adding to the problem of overcapacity.
The problem of overcapacity indicates the need for a stronger integration of technological aspects into fisheries management.
But he cautions that the deeper problem of overcapacity will take longer to resolve.The recovery remains stronger in heavy than in light industry.
This added to a chronic problem of overcapacity, which, in turn, encouraged a reliance on deep pricing discounts and marketing gimmicks (such as zero-per-cent financing) that moved inventory but lost money.
However, many people in the trade think that, in addition to the problem of overcapacity expected to last another five to six years, luxury hotels in general are inevitably heading for a period of restructuring.
Similar(51)
The question now is whether the reformist zeal will stop at the rebuilding of Tohoku, the devastated region in the north-east, or go further, to solve the problems of overcapacity, high public debt and deflation that were plaguing Japan long before the disaster.The speed of the clear-up is raising hopes that the economy will prove resilient after the initial shock.
Mr. Browne concedes "the airlines do have problems of overcapacity on some routes, and when I talk about ca pacity, I'm talking about flight scheduling," he said, Mr. Browne noted that uni laterally the airlines could reduce the frequency of their service to bring it more into line with demand.
Simply declaring that China is a market economy, which is what China wants, would weaken America's and Europe's ability to combat the problems of overcapacity.
Further wasteful investment probably will exacerbate the problem of industrial overcapacity.
With ready access to subsidized bank credit, the state sector has overexpanded and worsened the problem of industrial overcapacity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com