The supply potential has left demand far behind.

Investment mania has been evident in the ferroalloy, coke, calcium carbide, automobile and copper smelting sectors.

The problem is also serious in auto production.

Chinese oil companies need to go overseas to seek energy assets and the government encourages that. The price at which they pay for the assets must still be within the limits of the companies.

Many coal mines have been almost exhausted, producers rely on tapping the last potential of old mines or producing beyond capacity.

This is a big potential market (for Chinese domain names), maybe valued at more than 10 million yuan (US$1.25 million) this year.