The Next Global Economic Crisis Could Be Made in China
5 Articles
5 Articles
China's industrial overcapacity: Michael Froman on whether it could trigger the next economic crisis
Michael Froman, Council on Foreign Relations president and former U.S. Trade Representative, joins 'Squawk Box' to discuss the latest developments in the U.S.-Iran war, impact of additional U.S. sanctions on Iran, China's industrial overcapacity, whether it'll tri gger a global economic crisis, and more.
The world's capacity to absorb surplus Chinese goods is nearing its limit. The photo shows containers and cargo ships at Qingdao Port in Shandong Province, China, on August 11, 2025. (STR/AFP via Getty Images)
Michael Froman In recent years, there has been no lack of complaints about China's excess productive capacity. Beijing's drive to boost exports and increase its trade surplus, by any means, has undermined the manufacturing aspirations of advanced economies such as the United States and Europe, as well as developing countries in Africa, Asia and Latin America. There is a greater global consensus than ever on the nature of this challenge, but this…
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