China Industrial Overcapacity Poses Challenges -- Market Talk

Dow Jones04-09

0537 GMT - Tensions over China's industrial capacity will be tough to solve, especially as Beijing redirects investment to sectors like clean energy to offset the property slowdown, overlapping with key industries prioritized by the U.S., DBS economists say. Treasury Secretary Yellen's visit put a spotlight on the issue, with Yellen saying China's overproduction in strategic sectors like EVs undermines U.S. companies, while Beijing said penalties imposed on efficient Chinese enterprises stem from inability to compete on costs, DBS says. The economists reckon industrial overcapacity presents challenges within China as competition in areas like EVs is expected to drive some producers out of the market. Sustainable development of important new tech will merit coordinated policy, they add. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

April 09, 2024 01:37 ET (05:37 GMT)

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Treasury Secretary Yellen's visit put a spotlight on the issue, with Yellen saying China's overproduction in strategic sectors like EVs undermines U.S. companies, while Beijing said penalties imposed on efficient Chinese enterprises stem from inability to compete on costs, DBS says. The economists reckon industrial overcapacity presents challenges within China as competition in areas like EVs is expected to drive some producers out of the market. Sustainable development of important new tech will merit coordinated policy, they add. 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Tensions over China's industrial capacity will be tough to solve, especially as Beijing redirects investment to sectors like clean energy to offset the property slowdown, overlapping with ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014302.SGD","symbol_name":"RHB Singapore Income Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426333271","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426333271","pubTimestamp":1712641020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU2257852520.SGD":"JPMorgan Funds - 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Tensions over China's industrial capacity will be tough to solve, especially as Beijing redirects investment to sectors like clean energy to offset the property slowdown, overlapping with key industries prioritized by the U.S., DBS economists say. Treasury Secretary Yellen's visit put a spotlight on the issue, with Yellen saying China's overproduction in strategic sectors like EVs undermines U.S. companies, while Beijing said penalties imposed on efficient Chinese enterprises stem from inability to compete on costs, DBS says. The economists reckon industrial overcapacity presents challenges within China as competition in areas like EVs is expected to drive some producers out of the market. Sustainable development of important new tech will merit coordinated policy, they add. 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