The Next Global Economic Crisis Could Have Its Origin in China
4 Articles
4 Articles
Newtalk News: Over the past two decades, China has spared no expense in promoting exports and expanding its trade surplus, which has not only harmed developed economies such as the United States and Europe, but also hindered the development of manufacturing in developing countries. In a recent analysis in *Foreign Affairs*, Michael B. G. Froman, president of the Council on Foreign Relations, pointed out that China's trade surplus last year reach…
Before the G20 summit, the debate on China's overcapacity is getting sharper. While Beijing rejects all guilt, the idea of a new Plaza Accord comes to the fore.
For more than two decades, the CCP has spared no effort to promote exports and expand trade surpluses, which has not only harmed developed economies such as the United States and Europe, but also hindered the development prospects of manufacturing in developing countries in Africa, Asia and Latin America.
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 before on the nature of this challenge, but this has had…
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