Analysis-What overcapacity? China says its industries are simply more competitive
The last day of U.S. Secretary Janet Yellen's trip to China coincided with the strongest retort yet from Beijing officials over her claims that China is flooding global markets with cheap goods, particularly in the new green industries. Baoshan Iron & Steel in Shanghai. As Yellen laid out plans to formalise dialogue with China over excess industrial capacity in electric vehicles (EVs),...
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