OPINION: Beyond “Overcapacity”: Rethinking China’s Industrial Scale in a Constrained Global Economy
The claim that China suffers from “overcapacity” has become a familiar refrain in global economic debates. It is often invoked to explain trade tensions, justify industrial policy, and raise concerns about market distortion. At its core, the term suggests an imbalance — too much supply chasing too little demand. Yet the reality is far less […]
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