The supply-side structural reform of China in steel industry and outlooks

Abstract

The objective of this thesis is to provide an overview of the supply-side structural reform (SSSR) of China’s steel industry, which was first proposed in 2015 and has been undertaken since. After providing the political and economic arguments used by China’s government in promoting the reform, the paper focuses specifically on the major concerns regarding the sector, current restructuring policies, remaining problems, and corresponding policy countermeasures. After scrutinizing the impacts of SSSR, and the pace of policy implementation, the paper addresses which outcomes are most likely in the foreseeable future.