China Angers the World! Its Biggest Anti-Dumping Backlash Ever Leaves 2.7M Cars Unsold
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But as domestic demand remained weak, the drawbacks of this model became increasingly clear. Severe excess capacity left many products with little choice but to be sold abroad at low prices, from 2.7 million cars sitting in inventory to large areas of idle solar panels and low-priced steel and batteries sent overseas. These exports have widened China’s trade surplus and, in turn, intensified competitive pressure in global markets.
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