The scale of the excess capacity is breathtaking.

产能过剩的规模令人瞠目。

The result is excess capacity and inventories.

其结果是产能过剩、库存积压。

We will accelerate adjustments in industries with excess capacity.

加快产能过剩行业调整。

China does have excess capacity in a few sectors, most notably steel.

中国的确在几个领域产能过剩，最明显的就是钢铁行业。

China does have excess capacity in some industries, such as steel and cement.

中国在诸如钢铁和水泥这样的行业确实存在过剩的资本。