#overcapacity

#overcapacity

In China, you can buy a heavily discounted "used" electric car that has never, in fact, been used. Chinese automakers, desperate to meet their sales targets in a bitterly competitive market, sell cars to dealerships, which register them as "sold," even though no actual customer has bought them. Dealers, stuck with officially sold cars, then offload them as "used," often at low prices.

Right now, there is an incredible price war going on,

Cheam High School's slight overcrowding, with 2,116 pupils enrolled, just 36 more than its official capacity of 2,080, highlights the fine line between overcapacity and successful enrollment.