Curbing China's excess capacity

The success or otherwise of China’s efforts to curtail its excess industrial capacity will have a significant impact on Australia’s economic wellbeing.

China faces three big challenges in the next few years: a slowing real estate sector, growing local debt and the intractable problem of excess capacity. Of the three big challenges, the one that has the most important bearing on Australia is the problem of excess capacity -- in particular in the steel industry.

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