China pushes ex­port­ing of industrial ca­pac­ity

China Daily (Canada) - - CHINESE TRAIN PROJECTS AROUND THE WORLD -

China and Brazil signed sev­eral deals on industrial ca­pac­ity this week dur­ing Chi­nese Pre­mier Li Ke­qiang’s visit. They are part of a cam­paign in which China is sell­ing its un­der-uti­lized industrial ca­pac­ity abroad.

Industrial ca­pac­ity co­op­er­a­tion gen­er­ally means that China moves en­tire pro­duc­tion lines to other coun­tries or sets up fac­to­ries with lo­cal part­ners abroad.

On May 16, China’s cabi­net listed sec­tors for more ca­pac­ity co­op­er­a­tion, in­clud­ing au­to­mo­biles, avi­a­tion and aerospace, chem­i­cals, con­struc­tion ma­te­ri­als, elec­tric power, ma­chin­ery, mar­itime en­gi­neer­ing, non­fer­rous met­als, rail­ways, ship­build­ing, steel, telecom­mu­ni­ca­tions and tex­tiles.

The cabi­net de­cided to ex­pand in­ter­na­tional industrial ca­pac­ity co­op­er­a­tion at a time when China is strug­gling with over­ca­pac­ity.

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