Chinese industrial overcapacity is causing severe damage to its domestic growth and the global economy according to a new report by the EU Chamber of Commerce in China on Thursday (26 November).
Already a problem before the crisis, the country's 4 trillion yuan (€400 bn) stimulus package is worsening Chinese overcapacity says the document, with important ramifications for Europe.
The steel, aluminum, cement, chemical, refining and wind-power equipment industries were singled out ...
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