英闻天下——190 Guidelines on China Industry Restructuring

 　　According to the guidelines which call for local governments to make policies to facilitate mergers¹ and restructuring, the concentration ratio is required to reach 90 percent by 2015 in the top ten auto² enterprises and 60 percent in the top ten steel companies.

 

　　The move was taken as a measure to prevent serious production overcapacity in the sectors⁴.

 

　　There is obvious overcapacity in the country's steel sector³, which has been struggling to deal with sharp declines in steel prices from the second half of 2008 and weak demand for steel starting from 2009 amid a global slump⁵ in the shipbuilding and manufacturing market.

 

　　Shanghai Baosteel Group, one of the largest steel manufacturers in China, launched a production line in 2008 which, however, suffered a deficit⁶ of 998 million yuan or about 160 million USD in 2009 and had to be stopped in September 2012.

 

　　Hu Xuefa, is the assistant to general manager of Shanghai Baosteel Group Corporation.

 

　　"The main products of the steel plant are medium and thick steel plates. Of all steel products, these types of steel plates face the most difficult situation because of excess production capacity, worsened by a slump in the global shipbuilding market after beginning of the financial crisis in 2008."

 

　　China's shipbuilding sector is facing a similar situation. In Ningbo City, east China's Zhejiang Province, a large shipbuilding company, which employed 5,000 workers to build 12 ships of 50,000 tons or above in its prime, has gone bankrupt.

 

　　Small and medium-sized shipbuilding companies are also struggling for survival. Pan Xuejian, president of a shipbuilding company in Taizhou City, says his company, with a capacity of building 10 ships, just received one order for one ship and other shipbuilding companies in Taizhou, have stopped production.

 

　　"I have never seen such a fast expansion of shipbuilding as I have in the past two decades. Many companies in Fujian Province, areas along the Yangtze River in Jiangsu and Zhejiang provinces, and even the coasts of Shandong and Guangdong provinces rushed to build ships," he said.

 

　　According to Shen Shilong, commissioner⁷ of Taizhou Customs, the export of ships from Taizhou rose 26 times to 520 million USD from 2006 to 2011.

 

　　The photovoltaic sector, which once promised to be a lucrative⁸ new industry, also fell into the predicament of overcapacity.

 

　　According to the local authority in Kaihua County, 31 out of 41 photovoltaic enterprises have shut down production.

 

　　In the first "photovoltaic industry base" of Zhejiang Province, which is situated⁹ in Quzhou City, all photovoltaic enterprises are distressed¹⁰ due to low prices and a sluggish¹¹ market. Many have closed down, and a few that maintain production do not run at full production capacity.

 

　　The guideline says China will also slash¹² the number of firms in the rare earth business through mergers and concentrate production capacity in the sector into a number of large enterprises.

 

　　The country aims to promote mergers in the remaining sectors, and will try to raise the concentration ratios of leading enterprises in those fields by 2015.

 

　　For CRI, I am Li Dong.

1 mergers   

n.（两个公司的）合并( merger的名词复数 )

参考例句：

• Mergers fall into three categories: horizontal, vertical, and conglomerate. 合并分为以下三种：横向合并，纵向合并和混合合并。 来自辞典例句
• Many recent mergers are concentrated within specific industries, particularly in retailing, airlines and communications. 现代许多合并企业集中进行某些特定业务，在零售业、民航和通讯业中更是如此。 来自英汉非文学 - 政府文件

2 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

5 slump   

n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌

参考例句：

• She is in a slump in her career.她处在事业的低谷。
• Economists are forecasting a slump.经济学家们预言将发生经济衰退。

6 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

7 commissioner   

n.（政府厅、局、处等部门）专员，长官，委员

参考例句：

• The commissioner has issued a warrant for her arrest.专员发出了对她的逮捕令。
• He was tapped for police commissioner.他被任命为警务处长。

8 lucrative   

adj.赚钱的，可获利的

参考例句：

• He decided to turn his hobby into a lucrative sideline.他决定把自己的爱好变成赚钱的副业。
• It was not a lucrative profession.那是一个没有多少油水的职业。

9 situated   

adj.坐落在...的，处于某种境地的

参考例句：

• The village is situated at the margin of a forest.村子位于森林的边缘。
• She is awkwardly situated.她的处境困难。

10 distressed   

痛苦的

参考例句：

• He was too distressed and confused to answer their questions. 他非常苦恼而困惑，无法回答他们的问题。
• The news of his death distressed us greatly. 他逝世的消息使我们极为悲痛。

11 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

12 slash   

vi.大幅度削减；vt.猛砍，尖锐抨击，大幅减少；n.猛砍，斜线，长切口，衣衩

参考例句：

• The shop plans to slash fur prices after Spring Festival.该店计划在春节之后把皮货降价。
• Don't slash your horse in that cruel way.不要那样残忍地鞭打你的马。