23
Feb
09:31
European Chamber calls out Chinese overcapacity
The European Union Chamber of Commerce in China has issued a report on Chinese industrial capacity, noting that it is an impediment to China’s economic development and also a source of growing trade friction. The report makes several policy suggestions but actually dealing with overcapacity in practice is extremely complicated and will be a painful process, Kallanish notes.
The chamber quotes premier Li Keqiang’s comment that reforming industries is …
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Anonymous
Very good overview of the weekly steel market.
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