China’s Factory Glut Alarms the World But There’s No Quick Fix
- EU leaders meeting Xi are latest to protest about overcapacity
- Slowing economy needs EVs for growth, has surpluses elsewhere
WATCH: President Xi Jinping arrived in Hungary amid tension between Beijing and Brussels, with some EU leaders accusing China of flooding their markets with cheap exports.
Source: BloombergThis article is for subscribers only.
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The groundswell of complaints about China’s factory output keeps getting louder, but there’s no sign Beijing is ready for fixes that might backfire on its vulnerable economy.