How to tackle China's overcapacity problem

The Korea Times

Lean Left

Mixed Factuality

Corporation: Dongwha Enterprise

How to tackle China's overcapacity problem

BEIJING - During her recent visit to Beijing, U.S. Treasury Secretary Janet Yellen criticized her Chinese counterparts, arguing that China’s government subsidies have led to overcapacity in crucial sectors like alternative energy and electric vehicles (EVs). This, she contended, provides Chinese companies with unfair cost advantages that enable them to outcompete American firms. But while Yellen was right to point out China’s overcapacity proble…