The Myth of Chinese Overcapacity Exposed
First was decoupling, then de-risking, now it is “overcapacity”: U.S. and EU leaders have no trouble in finding narratives to justify geopolitical hostility to China. During U.S. Secretary of State Antony Blinken’s recent visit to China, he pointed to the “unfair trade practices” and the potential consequences of “industrial overcapacity” for global and U.S. markets. In China a few days […]
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