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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 ...
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 ...
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 ...
“Overcapacity isn’t a new problem, but it has intensified, and we’re seeing emerging risks in new sectors,” Yellen said in prepared remarks at an American Chamber of Commerce in China ...
China's Two Markets, Two Resources policy predated the Go Out policy and subsequently regarded as related to the Go Out policy. [2]: 73 Two Markets, Two Resources, emphasizes leveraging domestic supply sources of resources (including through increased investment in prospecting and mining) and international sources of resources (through various strategies, including foreign acquisition ...
Soon after China's reform and opening up, the country adopted its first law on equity joint ventures in 1979, and the laws on wholly foreign-owned enterprises and cooperative joint ventures were enacted in the 1980s. Over the past decades, they have provided legal safeguards for foreign firms and promoted foreign investment and cooperation in ...
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 ...
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.