European Business Group Urges China to Fight Industrial Overproduction

21 February 2016 / The Wall Street Journal (WSJ) reports that the European Union Chamber of Commerce in China called for Beijing to ramp up efforts to tackle excess production. This overproduction is harming eight key industries including steel, cement and chemicals, but is having knock-on effects in consumer sectors such as consumer electronics, pharmaceuticals, food and apparel. Journalist Laurie Burkitt highlights the industry march in Brussels to protest granting Market Economy Status (MES) to China, which would only worsen the situation. Read the article here (subscriber only).