In China, sales of electric cars, consumer goods and industrial products are stalling. State-owned companies have built up excess capacity. The new plan is to flood the European market with the products. The first signs are appearing in Germany.
Why Chinese Overcapacity Is About To Slam Into Europe's Economy worldcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcrunch.com Daily Mail and Mail on Sunday newspapers.
A fresh pledge by
Beijing to treat foreign companies like domestic rivals drew a
cool response from one of its biggest trading partners, Germany,
where industries called for concrete actions rather.
German Industry Sceptical of China's Vow to Treat Foreign Firms Equally usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
German Industry Skeptical of China's Vow to Treat Foreign Firms Equally voanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voanews.com Daily Mail and Mail on Sunday newspapers.