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There is “no such thing as ‘China’s overcapacity problem,’” he said. But the issue can’t be wished away. Western leaders have focused their fears on solar panels, lithium batteries ...
BEIJING — Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms.
But claims that Beijing uses state subsidies to prop up its manufacturing sector, and then dumps the excess surplus overseas, are irking executives in China's car sector. Overcapacity “is a fake ...
The stimulus includes plans to rebuild areas damaged by the 2008 Sichuan earthquake. [1]The 2008–09 Chinese economic stimulus plan (simplified Chinese: 扩大内需十项措施; traditional Chinese: 擴大內需十項措施; pinyin: Kuòdà Nèixū Shíxiàng Cuòshī) was a RMB¥ 4 trillion (US$586 billion) stimulus package aiming to minimize the impact of the Great Recession on the economy ...
NDRC's responsibility for large infrastructure is intended to prevent the economy from becoming too hot or cold, as well as to address China's overcapacity in production for sectors like aluminum, iron, steel, and energy. [12]: 106 The NDRC works with other departments to formulate policies, including drafting laws and regulations.
GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to ...
In an effort to facilitate the strategy by closing technology gaps, China spent 2.5% of its GDP on research and development during the thirteenth five-year plan of 2016–2020. [19] Dual circulation is a key part of China's fourteenth five-year plan (2021–2025).
China exporting its way to full employment is not acceptable to the rest of the world, Yellen said in a Reuters Next interview in Washington. Yellen said that during her trip to China earlier this ...