China’s Overcapacity Has a Mind of Its Own
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China's auto exports are projected to reach 10 million vehicles this year, growing tenfold since 2020, while the country posted a record $119.1 billion trade surplus in August. The United States, European Union, and Southeast Asia accuse Beijing of exporting excess manufacturing capacity, a charge Beijing rejects amid concerns over job losses and foreign dependence.
Continue in the app — vote & join in ➔Source: Foreign Policy · via ahirlevel.hu