Why China’s local governments may have a big role to play in the overcapacity puzzle

Why China's local governments may have a big role to play in the overcapacity puzzle

But in recent weeks, the official message has changed significantly, with claims that the West was hype up the issue with a rigged narrative rooted in protectionism, and that so-called overcapacity is a hoax. Xi now claims there is no such thing as China’s overcapacity problem. And Beijing argues that, from a global perspective, there … Read more