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Ryan Bridge: Why you should care about a U.S. delegation heading to China
Here's why we should care about what sounds like a bit of an obscure trip from some U.S. officials to Beijing this week.
They are going to meet to talk to their counterparts about a wave of Chinese goods flooding world markets.
China, obviously, has enormous manufacturing capacity and enormous machine behind it, and the output has gotten too large for the world to absorb.
The strategy by China, they reckon —and this is why the U.S. officials are going there— the strategy is demand at home is a bit weaker for them, so they pump up production and they ship the excess offshore.
The idea is they…
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