Do you know the deindustrialization?  

The French Foreign Trade Bank worries Patrick Artus said: "Europe and the United States government want to restart industrialization, but it is very difficult, or even made impossible. Europe and the United States coupled with slow economic growth in the gap between the costs of production will allow the industry to emerging countries to further accelerate the pace of the transfer. "

Globalization is an international word, from G20 to APEC, in every famous city; people all are talking about it and need it more and more in respect that our world is suffering an economic crisis.

In the context of economic recession, the world industry is experiencing a serious crisis of overcapacity. In the worst this summer, the average U.S. factory operating rate is only 68%, a record low since 1967. The Fed recently said that in October of this ratio rose to 71%. According to Eurostat statistics, the euro zone's industrial capacity utilization rates began a slow recovery in three months rose to 69.6% from 70.7%, but still at historic lows.

On the one hand, under the inventories supplementary and China stimulus plan, the global demand has rebound; the other hand, all industries began to reduce the scale of production, the closure of some factories in low capacity utilization. However, this trend is still faced with some limitations. First of all, there is not only the economic cost of plant closings, as well as social and political costs. In France, the Government vehicle manufacturers to provide aid on condition that the latter could not close any plants, even if it is a serious shortage of capacity utilization of factories. Secondly, if other places are still having new plants, Europe and the United States moves to reduce production capacity is probably wasted effort.

In fact, in emerging countries, China and the Middle East, production and plans continue to blossom. Qatar Petroleum and CNOOC have just announced that it will cooperate in China and Vietnam to build two new petrochemical plants with the project total investment of 98 billion U.S. dollars.

To sum up, overcapacity crisis on emerging countries have limited impact, but the United States and Europe to accelerate the pace of deindustrialization.