China’s Supply Problem

Commentary
In future approaching discussions with counterparts in Beijing, Treasury Secretary Janet Yellen recently announced that she would raise the issue of oversupply in climate products like renewable panels from China. China’s excess issue is a problem for both China and the rest of the world.
China is a hub for manufacturing in the global market. Despite an market that accounts for roughly 16–18 percent of international action, China is responsible for 32–35 cent of global production. China started selling low-skilled manufactured goods like clothing and simple assembly, working its way up the value chain after the South Asian Tiger type from Japan and South Korea. Though remaining concentrated in those areas, China produces an increasing range of small, thick, and high- technology products for trade….

Source credit