Production in excess of the China threat to world

BEIJING The European Union Chamber of Commerce in China, said on Monday that China's surplus production in industry are making a serious damage to the world economy with a steel producer not connected to according to market demand. The steel industry's largest in Asia, the largest producer after leading producer 4 such as the US, Japan, India and Russia. The Chamber of Commerce said in a statement, warning that more than 60 percent of China's aluminum industry, cash flow negative. And just in the last two years of its cement equal to the amount produced in the United States during the century The entire 20th. Joerg Wuttke, president of the Chamber of Commerce, said in a statement: China did not follow through trying it has done in the last decade to address this surplus. Brussels launched a new anti-dumping investigations in imports of Chinese steel due many manufacturers in Europe and Asia victory with world prices, which have fallen due to oversupply. The report of the Chamber of Commerce, said: surplus production is destructive to China's industrial past For several years now, which is affecting some industries and deeply damaging to the world economy in general and economic growth China in particular. This issue has caused trade tensions between the two leading world and developed countries accused China of dumping in their markets. Steel production in China's half of world steel production, but domestic demand has fallen sharply Along with economic growth, who are forced to look abroad. Steel exports to China rose 20 percent in 2015. According to the customs data, China