China produces a third of the world's manufactured goods, more than the US, Germany, Japan, South Korea, and Britain combined, with a trade surplus equal to a tenth of its economy, causing concerns about overcapacity.
President Biden is expected to increase tariffs on high-tech goods from China, pushing for a reduction in China's exports and an increase in imports.
#china-manufacturing-dominance #overcapacity-concerns #trade-tariffs #global-economy #chinese-economic-strategy
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