Commentary: To End ‘Excessive Competition,’ China Must Cure Its Economic Imbalance

Commentary: To End ‘Excessive Competition,’ China Must Cure Its Economic Imbalance

Commentary: To End ‘Excessive Competition,’ China Must Cure Its Economic Imbalance - A crisis of over-investment and anemic domestic consumption is forcing Chinese companies into self-destructive price wars. The solution requires a fundamental shift in fiscal and monetary policy away from construction and toward the consumer