Concrete steps for tackling overcapacity

Cement company shifts emphasis overseas as it seeks to escape cost pressures in a tough domestic market, report

Making the best of a tough situation is a virtue that one Chinese company is embracing as it grapples with a crowded domestic market.

"Even as some industries face overcapacity in China, capacity is urgently needed elsewhere," said Tao Feng, chief financial officer of the South African subsidiary of cement producer Jidong Development Group Co Ltd.