EMerging Equity
Overcapacity
China’s Overcapacity “Wreaking Far-Reaching Damage On Global Economy”
Overproduction in China’s key industries is damaging both its economic sustainability and foreign trade relations, a new report has warned, urging that now is the time for big reforms. China’s overcapacity in its heavy industries is wreaking “far-reaching” damage on the global economy, with steel production “completely untethered” from market demand, according to a report from … Continue reading
China Announces 400,000 Steelworker Job Cuts
By Samuel Davidson An estimated 400,000 steelworkers in China will lose their jobs, in line with plans to slash crude steel production capacity by between 100 million and 150 million tons. The announcement was posted Sunday on government web sites, and reports a decision made by the State Council on January 22 to cut steel, … Continue reading
China’s Deep Economic Malaise
By Peter Symonds The upheavals in global share markets since the beginning of the year have focussed attention on China amid fears that the slump in its stock markets and the falling renminbi (yuan) are symptoms of a far deeper economic malaise. The slowdown of the Chinese economy, which is exposing massive overcapacity in industry … Continue reading
China’s New Silk Road: One Belt, One Road — More Than Just A Geopolitical Game
By Danyi Yang & Mark McNamee Ever since Chinese President Xi Jinping proposed to build a cross-regional economic plan in 2013 to strengthen trade and investment partnerships across Asian, European and African markets, China’s “One Belt, One Road” initiative has been attracting worldwide attention with its massive scale and immense potential economic impact. China’s Master … Continue reading
China Transitioning Through “Period Of Pain”; Shadow Banking, Overcapacity Are Major Issues: Vice Finance Minister
As China shifts gears towards a slower and more sustainable growth in President Xi Jinping’s “new normal”, its economy is going through a “period of pain” and the rapid expansion of the nation’s shadow banking sector alongside overcapacity are major problems, China’s Vice Finance Minister Zhu Guangyao told Reporters at the G20 Leaders Summit in Australia on … Continue reading
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