The company is undergoing a
destocking process to reduce excess inventory.
公司正在进行去库存过程，以减少过多的存货。
Retailers are anticipating a
destocking period ahead of the holiday season.
零售商预计在节假日季前会有去库存阶段。
After the pandemic, many businesses are experiencing
destocking as demand shifts.
疫情过后，许多企业因需求变化而经历去库存。
Suppliers are collaborating with manufacturers for better
destocking strategies.
供应商正在与制造商合作，以制定更有效的去库存策略。
Destocking efforts have led to a temporary decrease in warehouse storage capacity.
去库存行动导致仓库储存能力暂时下降。
Consumers panic buying caused an initial
destocking, but now stores are replenishing stock.
消费者恐慌性购买曾引发初期去库存，但现在商店正在补货。
The
destocking phase is essential for maintaining healthy cash flow in the supply chain.
去库存阶段对供应链保持健康的现金流至关重要。
The government implemented a
destocking program to encourage farmers to sell their surplus crops.
政府实施了去库存计划，以鼓励农民出售过剩作物。
After a successful product launch, we need to manage the
destocking process efficiently.
在产品成功上市后，我们需要有效地管理去库存进程。
The
destocking report showed a significant decline in inventory levels last quarter.
去库存报告显示上季度库存水平大幅下降。
Under the guidance of the supply-side structural reform, China has made notable breakthroughs including cutting industrial overcapacity, destocking and lowering business costs in the past few years.
"We think highly of enterprises' destocking and deleveraging, as well as the stable development of the financial sector.
Loo said fading destocking pressures likely contributed to an uptick in manufacturing activity, and notably three "new economy" sectors of electric vehicles, batteries and renewables raced ahead, all growing at double-digit year-on-year paces.
Loo said that fading destocking pressures likely contributed to an uptick in manufacturing activity, and notably three "new economy" sectors — electric vehicles, batteries and renewables — raced ahead, all growing at a double-digit pace year-on-year.
However, weak external demand and remaining profitability pressure in conjunction with the ongoing inventory destocking cycle will somehow impact the willingness and capability of market entities to expand investment in manufacturing.
Louise Loo, lead economist at British think tank Oxford Economics, said that the July activity data underscored a weak underlying investment appetite following a fast fading opening boost, production and manufacturing coming under continued pressure from poor global demand for Chinese goods and destocking pressures as well as a growing confidence crisis associated with the property sector.
The decline showed the fundamentals of destocking in major overseas economies.
In addition, export volume runs in tune with the CRB index since the index, which points to destocking or restocking, has a direct bearing on China's exports.
As for 2022, global commodity inventories started to shift from seeking replenishment to dealing with inventory peaks or destocking.
China then promoted a round of real estate destocking to boost real estate sales.
In other words, the decline in the year-on-year growth rate of finished goods inventory does not mean that industrial enterprises are really destocking.
"The peripheral areas of the city have a large supply and a relatively longer destocking cycle.
Global demand is at a relatively low point for the year and is expected to rise as overseas businesses have been gradually destocking, according to a preliminary survey of the market released by COSCO Shipping Holdings.
"This is the third month in a row for the new home price index to drop month-on-month, indicating that more property developers were promoting properties under mounting pressure from destocking of residential homes," said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution.
With the market witnessing continuous recovery, destocking also occurred at a faster pace, resulting in the overall vacancy rate to further drop to 12.7 percent.
随着市场持续复苏，去库存化进程也在加快，导致整体空置率进一步下降至12.7%。
Likewise, cities like Changde and Yueyang in Hunan province, Taiyuan in Shanxi province, Dali in Yunnan province, and Beihai in the Guangxi Zhuang autonomous region reported comparatively larger year-on-year declines, showing a need for market order amid mounting pressure for destocking, Yan said.
同样，湖南省常德、岳阳两市，山西省太原市，云南省大理市以及广西壮族自治区北海市等城市也报告了同比显著下降，表明在去库存压力增大的背景下，市场秩序亟待规范。
"If steel companies' production exceeds market demand, destocking will be difficult to accomplish.
The fall in the enterprise inventory index, although only down by 1.9, was a reverse from three-month successive increases, which means destocking has begun as demand becomes increasingly stronger, he said.
Baijiu distributors and retailers are expected to face a long process of destocking, dampened by existing epidemic prevention and control measures and the pressure of a downward economy," said Cai Xuefei, a baijiu industry analyst.
As destocking remains the priority of developers, it is expected that they will keep exploiting new market opportunities in the future, according to Yan.
The pressure of destocking housing inventories has been growing as the inventory capacity has maintained a trend of growth for eight consecutive months, according to E-house China R&D Institute.
Wang Guoqing, director of the Lange Steel Information Research Center, said since April, both steel production and prices went up, and the speed of destocking was relatively fast, demonstrating the market was mainly demand-driven.
""The industry experienced a painful period of upgrading and destocking in 2017.
Local destocking policies in certain regions have slowed down the investment in real restates, said Yan Yuejin, chief research officer of E-house China R&D Institute.
Ouyang Jie, senior vice-president of property developer Future Land, told the newspaper that after several years of destocking, this year, land supply picked up some momentum in the central region.
"Housing sales declined in eastern and northeastern China, while the western region was the only one where sales increased," Zhang said, explaining that destocking of property was almost complete in the western region, which had driven demand among speculative buyers.
However, pressure against overstock eventually mounted, with destocking or inventory depletion becoming the mainstream for both international brands like Nike and Adidas and domestic Chinese sports apparel producers.
As part of the group’s strategy to rebuild the Kappa brand, Zhang has taken charge of overseeing destocking measures over the past few years.
CPCA contextualized the V-shape curve of retail growth in April against a background of product destocking in every link of the auto industry chain and the unleashing of pent-up demand in previous months.
This led to destocking and releasing orders, one of the reasons for the rebound.
The agency predicted that Chinese automakers and dealers would remain under profit pressure in the near-term from the continued destocking of "China 5" inventories.
Dealers have suffered significant profit pressure from the destocking, but we expect manufacturers to repurchase some inventories and offer additional dealer subsidies to alleviate the strains on dealer cash flows, the report said.
According to Jefferies Hong Kong, some companies including SAIC, Changan and GAC Trumpchi are likely to post lower wholesale figures because of their higher inventory levels in 2018, but industry-wide destocking was largely done by the end of January.
But lackluster sales and destocking efforts at five other subsidiaries offset the two companies' achievements, generating a 0.21 percent dip year-on-year for GAC Motor as a whole.
But Li added that the conditions are not right for many properties in Guangzhou to see price increases, as many local developers are prioritizing destocking, driving a rise in supply.
[Photo provided to China Daily]"The government is pushing forward with the reduction of overcapacity, destocking and deleveraging, but it does not mean that we will decrease the leverage ratio to zero," said Wu, who is also the dean of the PBC School of Finance at Tsinghua University.
Li said China pushed forward with reduction of overcapacity, destocking and deleveraging, which was good for listed companies, especially upstream companies in the coal and steel industries.
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