BRI and China's Overproduction Strategy

BRI is a method of lending money for big infrastructure projects that benefit Chinese firms and workers, portraying it as a strategic move for PR reasons. China's overproduction, fueled by assumptions of exponential growth, has led to excessive infrastructure like high-speed rail and ports. To address this overproduction, China should focus on boosting domestic demand by raising wages and improving social services. However, achieving this is challenging due to various internal factors. Consequently, China resorts to dumping excess products into Western markets, creating economic imbalances.