China Industry Has Lowest Capacity Utilization Since Covid Hit.

China's industrial capacity utilization rate in the first quarter of 2024 was the lowest since the start of the pandemic, according to the National Bureau of Statistics. This decline comes as US and European leaders criticize China for its excess capacity. The Chinese government is facing pressure to address this issue, as other countries are concerned that the surplus of Chinese goods could harm their own industries. However, China argues that Western countries are using overcapacity as an excuse to protect their own less competitive firms. [Extracted from the article]

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