China Releases Deal on Excess Capacity

The Chinese Ministry of Commerce issued a document outlining China's stance on the issue of excess productive capacity, emphasizing its commitment to policy adjustments and strengthened cooperation to achieve a balance between supply and demand. The document discusses the causes of the problem, such as increased production and declining demand, and offers guidance on how to capitalize on opportunities and minimize risks associated with excess capacity. It also underscores the importance of supporting key industries and implementing regulatory measures to promote sustainable development and reduce the impact of excess productive capacity on both the Chinese and global markets.

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