Juncker: Overproduction must be solved
A top European official on Sunday said it was urgent to resolve the global issue of overcapacity, and he pressured China to take action to avoid costing European jobs - a connection some analysts said was "exaggerated".
Speaking at a news conference with European Council President Donald Tusk before the opening of the G20 Summit in Hangzhou, Zhejiang province, European Commission President Jean-Claude Juncker said he hoped global leaders at the summit would push for a solution to the overcapacity issue, which he called a global challenge.
He said overcapacity has particularly hurt the steel sector in Europe, where thousands of jobs have been lost in recent years, adding that he is determined to defend the interests of the European steel industry and its workers.
