China’s flood of cheap exports is about to get worse
EU leaders were this week the latest to scold China about overcapacity, but there are no quick fixes to its factory glut.
Singapore | The groundswell of complaints about China’s factory output keeps getting louder, but there’s no sign Beijing is ready for fixes that might backfire on its vulnerable economy.
This week, European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity. Before she met visiting President Xi Jinping in France, EU chief Ursula von der Leyen said she was hoping for action in the short term.
Bloomberg
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