Research On The Policy Of "Cutting Overcapacity" In The Context Of Supply-side Reform

In the context of supply-side reform,"Cutting overcapacity" is the basis of reform Whether the work of cutting overcapacity can be done well or not has a direct impact on the effectiveness of the reform.As an important basic raw material industry in the national economy,the steel industry plays an important role in stimulating the economic and social development of our country.It makes great contributions in stimulatin g investment and attracting more and more employers,also highly correlated to other industries.In recent y ears,with the pressure of the economic downturn,the market demand for steel products has dropped,and th e contradictions and problems accumulated in the rapid development of the steel industry have gradually be come exposed.Among them,the problem of overcapacity is particularly prominent.The difficulty of produ ction and operation of steel enterprises is aggravated.The percentage of loss-incurring enterprises and total value of losses are constantly rising expand.At the 11th meeting of Leading Group for Financial and Econo mic Affairs held on November 10,2015,General Secretary Xi Jinping emphasized that promoting economi c structural reform is an important measure for implementing the the spirit of the fifth plenary session of th e 18th CPC central committee.Supply-side reform put forward five tasks of "cutting overcapacity,destock ing,deleveraging,reducing costs and identifying growth areas ",which "Cutting overcapacity" is the impor tant measure of transformation of industrial economy and restructuring."Cutting overcapacity" is not for "Cut",also to "Change".As the leading industry of "Cutting overcapacity" in the supply-side reform,whethe r the policy effect can achieve the desired effect has great theoretical and practical significance to carry out the implementation of supply-side refonn policy comprehensively.Based on the present situation of steel industry in Shandong Province,this thesis clarifies the difficulti es and problems faced by the implementation of policies in our province,combining with the research of th e province's policy of eliminating production capacity and the progress of the industrial transformation and upgrading,analyzes the practical effect of policy implementation and puts forward further policy Suggestio ns.This thesis is divided into six chapters:The first chapter is introduction,introducing the research Background,purpose and significance,summarizes the research status in and abroad,clarify the related concepts;The second chapter introduce the current situation of steel industry in Shandong Province,analyzes the causes of excess capacity;Chapter three reviews the policy line from the central government I evel and provincial levels,analyzes the effect of policy practice from three view angle,put forward the deficiency of policy implementation.Chapter four clarifies the main difficulties of Cutting overcapacity in the steel industry.fourclarifies the main difficulties of "Cutting overcapacity" in the steel industry.Chapter five dissects a typical case of RiZhao Iron and Steel Group.Chapter six draws an objective conclusion based on the evaluate the policy implementing effect and proposes further policies from the aspects of government,enterprises and policy support suggest.