overcapacity

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.

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