overcapacity

G20 splits on overcapacity as Greer vows US action

G20 trade ministers meeting in Milwaukee agreed Thursday to condemn the use of food as a weapon through coercive trade actions. They could not agree on statements about excess industrial capacity or forced labor in supply chains, U.S. Trade Representative…

China’s export model nears breaking point, Froman warns

Michael Froman, the former U.S. Trade Representative and current president of the Council on Foreign Relations, has issued a stark warning that China's export-driven growth model is approaching a structural limit that could trigger a new global economic crisis. Writing…

China pauses approvals for new battery storage factories

China, the world's largest manufacturer of batteries for energy storage, has temporarily suspended approvals for new factory projects as authorities review existing and planned production capacity amid mounting overcapacity concerns, Reuters reported on Sunday, citing Chinese financial news outlet Cailianshe.