Commentary: Why China is finally starting to acknowledge its overcapacity problem

Știință și Tehnologie

Where Beijing once celebrated its manufacturing and export prowess, it now openly discusses the need to curb “involution”. This is a dramatic departure from its previous stance, says Enodo Economics’ Diana Choyleva. LONDON: For years, Beijing dismissed Western concerns about Chinese overcapacity as protectionist rhetoric. When the United States and European Union complained about cheap Chinese exports flooding global markets, China's response was predictable: These were simply competitive

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