Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › What fuels global trade imbalances: China’s overcapacity...
Business & Finance

What fuels global trade imbalances: China’s overcapacity or America’s failure to adapt?

What fuels global trade imbalances: China’s overcapacity or America’s failure to adapt?
South China Morning Post Tuesday 23 June 2026, 14:00 UTC By Sylvia Ma,Xinyi Wu 1 min read
Key Points

China’s industrial overcapacity should not be singled out for blame amid trade imbalances, as economies worldwide are struggling to adapt to shifts in the global economy, contributing to mounting pressures, a prominent Chinese scholar said in comments directed at the United States. “The reason why our imbalance is becoming a bigger problem is that the rest of the world is having a bigger problem in adjusting the economic structure,” said Huang Yiping, dean of Peking University’s National...

China’s industrial overcapacity should not be singled out for blame amid trade imbalances, as economies worldwide are struggling to adapt to shifts in the global economy, contributing to mounting pressures, a prominent Chinese scholar said in comments directed at the United States. “The reason why our imbalance is becoming a bigger problem is that the rest of the world is having a bigger problem in adjusting the economic structure,” said Huang Yiping, dean of Peking University’s National School... [Image text:] WORLD ECONOMIC FORUM COME
China (LOCATION) America (LOCATION) Chinese (ORG) the United States (LOCATION) Huang Yiping (PERSON) Peking University’s (ORG) National School (ORG)
Originally published by South China Morning Post Read original →

Related Stories

Here's why we decided to put money to work in Tuesday's market pullback

What was looking to be a brutal Tuesday for Wall Street is turning out to be not as terrible as feared. No doubt, some individual stocks are getting crushed, particularly within the semiconductor industry and the broader artificial intelligence cohort. However, Tuesday's overall action is looking far more constructive than we thought it would, just a few hours ago.

CNBC 6m ago

HMRC announces 22% tax on cash interest held in stocks and shares Isas

Treasury also promises new first-time buyer Isa with no upper age limit reflecting ‘age at which a first home is bought is rising’Isa reforms announced on Tuesday promise a new first-time buyer account with no upper age limit, and a tax on interest on cash savings held in a stocks and shares wrapper. Savers and investors can currently hold up to £20,000 a year in Isas, which offer the chance to earn returns which are not subject to tax.

The Guardian World 6m ago

Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says

More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and United States, the International Maritime Organization said Tuesday. "We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations," IMO Secretary-General Arsenio Dominguez said in a statement. The operation will be carried out "in close cooperation with Iran,...

CNBC 15m ago

Mariners vs. Pirates betting preview focuses on pitching matchup between George Kirby and Mitch Keller

I'm going to get on a hot streak. Baseball hasn't been bad by any means this year, but it has been a bit of a struggle at times. It seems like every time I get some good wins in a row, I run into some losses.

Fox News 17m ago