China is the world leader in excess production, according to US report

The United States government’s annual trade estimate report points to China as the world leader in excess production for non-economic capacity, which is “evident” in a number of industries, such as “steel, aluminum and solar,” says the Publication. According to the document, China is on track to create excesses in other areas, following the plans “Made in China 2025”, to which the government would be allocating “billions of dollars to support Chinese companies”.

The American government “will continue its bilateral and multilateral efforts to deal with these harmful trade practices,” states the publication. One of the accusations of the Chinese plans is that the country has set goals for local companies to achieve in the domestic market, which would occur “at the expense of imports”.

Attributed to the US Trade Representative, Katherine Tai, the document has been published annually since 1985, and points out “barriers to exports” in 65 partners across the country. Brazil is cited for offering local regulations for streaming services, and for testing and certification in telecommunications equipment.

See too

+ Career of the Decade – See how to enter the career that professionals lack, but vacancies

+ Trick to squeeze lemons becomes a craze on social media

+ Woman pretends to be FBI agent to get free food and goes to jail

+ Digital Blue Zone in SP changes on the 16th; see how it looks

+ Study reveals the healthiest method for cooking rice

+ Can belching a lot be a health problem?

+ Shark is captured in MA with remains of young people missing in the stomach

+ Cinema, sex and the city

+ Discovered 6,500-year-old copper workshop in the desert in Israel

Source

Get the latest news delivered to your inbox

Follow us on social media networks

PREV USA. Half of the Republicans believe false reports about the attack on the Capitol
NEXT Transat and Air Canada withdraw from merger after EU requirements – ECO