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Going overseas the solution to China's supply glut

Only route is to shift production facilities abroad, where demand still has potential to grow: official
Thursday, July 23, 2015 - 05:50

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Mr Huang said that tackling overcapacity would be a key task of China's next Five-Year Plan covering 2016 to 2020.

Beijing

CHINA'S problems with industrial overcapacity remain severe and the only way to solve them is by shifting production facilities abroad, where demand still has the potential to grow, an official at the industry ministry said on Wednesday.

A decade of rapid industrial

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