去产能
cutting overcapacity
去产能,是指为了解决产品供过于求而引起产品恶性竞争的不利局面,寻求对生产设备及产品进行转型和升级的方法.
"Cutting overcapacity" refers to methods applied by governments to reverse situation in which an industry or business cannot sell as much as it produces, so as to curb cutthroat competition. Cutting overcapacity is one of the major tasks for the Chinese government this year.
Related news: China moves to reduce non-ferrous metal overcapacity
