China’s Excess Production Has Intensified Slowdown, Business Group Says

22 February 2016 / The New York Times reports, "The failure of Chinese leaders to tackle the problem of excess industrial production has intensified an economic slowdown in the country and threatens to wreak havoc on global markets, [the European Union Chamber of Commerce in China] said in a new report on Monday. (...) “Without a sustained effort to address it now, overcapacity may well seriously impede the effectiveness of China’s economic reform agenda,” said Joerg Wuttke, president of the chamber." Read the full article here.