Revamping Industries Key to Solving China's Overcapacity Issue, Experts Say

Wednesday, 8 May 2024, 03:00

Scholars propose a realignment of industries in China, acknowledging that short-term pain is necessary to address overcapacity issues and adapt to trade restrictions. The industrial revamp is seen as a crucial step in resolving the country's overcapacity dilemma.
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Revamping Industries Key to Solving China's Overcapacity Issue, Experts Say

Experts propose industrial revamp to address overcapacity

Scholars are suggesting a realignment of industries in China to tackle the ongoing overcapacity issue. The revamp may involve temporary pain but is believed to be essential for long-term success.

Adapting to trade restrictions crucial

  • Realignment of industries is crucial for adapting to trade restrictions in affected sectors.

The industrial revamp is seen as an opportunity for China to enhance its economic resilience and competitiveness in the global market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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