Original Source: Jiemian News
An online publication, established in 2014, which focuses on all aspects of business and finance news, as well as China’s domestic and international current events.
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Overcapacity Is Not Purely an Economic Issue, but a Political Issue
产能过剩不是单纯的经济问题，而是政治议题
Guo Kai, the executive president of CF40, a think tank focusing on finance and economic issues, argues that the problem of overcapacity is being used in the U.S. to drive election politics, rather than being viewed purely as an economic concern. Domestically, he attributes overcapacity as a negative externality to China’s rapid manufacturing growth, and makes several policy recommendations to address the issue.