A Chinese worker at steel mill in Tangshan, China's Hebei province. Industries across China are struggling with massive debts and overcapacity, the hangover from credit-fuelled expansion which helped drive decades of stunning growth. Photo: AFP
Shuaihua Wallace Cheng
Opinion

Opinion

Macroscope by Shuaihua Wallace Cheng

Overcapacity a time bomb for China’s economy

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A Chinese worker at steel mill in Tangshan, China's Hebei province. Industries across China are struggling with massive debts and overcapacity, the hangover from credit-fuelled expansion which helped drive decades of stunning growth. Photo: AFP
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