Finance & Business Ties

ANALYSIS: China’s Party-State Capitalism Distorts Global Markets

During Janet Yellen’s recent visit to China, she urged Chinese authorities to address their overcapacity problems to prevent global spillovers.
ANALYSIS: China’s Party-State Capitalism Distorts Global Markets
Electric cars for export waiting to be loaded on the "BYD Explorer NO.1," a domestically manufactured vessel intended to export Chinese automobiles, at Yantai port, in eastern China's Shandong Province, on Jan. 10, 2024. STR/AFP via Getty Images
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Olivia Li
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News Analysis

China’s weak domestic demand has prompted the country to ramp up exports of cheap goods, leading to a global glut of excess capacity worth trillions of dollars. This has led to significant global economic distortions and triggered a backlash from several countries, including the United States.

Jenny Li has contributed to The Epoch Times since 2010. She has reported on Chinese politics, economics, human rights issues, and U.S.-China relations. She has extensively interviewed Chinese scholars, economists, lawyers, and rights activists in China and overseas.