Swiss Economicblogs.org
For various reasons, well beyond the scope of this short note, China has amassed huge industrial capacity, well beyond its ability to absorb. In part, that is one of the challenges that the “One Belt One Road” addresses. Export the spare capacity by building infrastructure, networking east and central Asia (included parts of the former Soviet Union and the Middle East. Even that long-term project does not appear sufficient to absorb the existing surplus capacity. Many US and European...
Read More »First Skirmishes in Long Battle
