FT op-ed: “China’s growth target is a global problem…The target is not based in economics. It’s a political goal…Pursuing that aim, Beijing has been overinvesting for years, but lately it has been dumping the excess output it can’t sell at home.”
ft.com/content/cb69fb…
FT op-ed: “In the past, China’s export volumes rose with prices; this decade, Beijing has dropped export prices by nearly 20 per cent, producing a 40 per cent surge in volume…As a share of global GDP, no nation has ever had a larger trade surplus.”
ft.com/content/cb69fb…
FT op-ed: “China’s dumping offensive is deindustrialising rival exporters the world over, idling car factories in Thailand and textile plants in Indonesia. Across Asia, nations where Chinese imports are rising fastest also…have the weakest job growth.”
ft.com/content/cb69fb…
FT op-ed: “In my recent travels across Europe, the Middle East and Asia, policymakers…said they can’t fight a two-front global trade war, so they have focused on…Trump tariffs. This makes it easier for China to keep dumping its surplus production.”
ft.com/content/cb69fb…
FT op-ed: “The root of the problem is the country’s growth target. Of the nearly 40 nations that rose into the developed ranks after the second world war, none faced the twin hurdles confronting China today: depopulation and massive debt.”
ft.com/content/cb69fb…
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