Janet Yellen lent official voice to resurgent global worries about the threat of Chinese overcapacity when she pointedly criticised Beijing’s overinvestment and underpowered consumption during her trip there earlier this month.
But are the US Treasury Secretary’s criticisms justified? Will China’s leaders push through the necessary reforms to bring down the savings rate? And how will western governments respond if they don’t?
In the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing talks to Mark Williams, our Chief Asia Economist, all about the politics and economics around the perception that China’s factories are once again flooding global goods markets.
What is Capital Economics Weekly Briefing?
Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next move to China's slowdown to the global housing bust, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.