Overcapacity exacerbated by recession
By Andrew Moody and Lan Lan in Beijing | China Daily | Updated: 2010-04-12 08:18
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Curled steel plates rust while lying idle in an iron and steel factory in East China's Jiangsu province. China's steel output was 567 million tons in 2009, much more than actual demand for the year in the domestic market. Xiang Zhonglin / China Foto Press |
Economists fear manufacturers and developers may be producing goods and infrastructure nobody wants, report Andrew Moody and Lan Lan in Beijing
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