In China, some 75% of demand for float glass comes from real estate. However, new construction areas have continued to decline since 2014 and a large number of uncompleted projects are left behind. Lack of demand and capacity expansions has led to profit shrinking and heavier losses for float glass enterprises, thus creating a group of "zombie" enterprises.
Origin
Unknown
Journal Title
Asian Glass 2/16 20
Sector
Flat glass
Class
F 3801