Ambassador discusses the long-standing impact of Chinese overcapacity

Ambassador Catherine Ty explores the persisting repercussions of Chinese overcapacity on global economies, particularly outlining the China shock's historical impact on industrial erosion in the United States and other advanced economies. The growth of the Chinese economy and its use of non-market practices have led to the creation of excess production capacity across various sectors like steel, aluminum, solar panels, batteries, and EVs. Continuous predatory pricing and excess production have significantly affected prices and market competition worldwide, emphasizing the need for coordinated international efforts to address these challenges.