Daily Archives: November 30, 2009

John Gapper

China’s export-led growth strategy has been very successful in providing employment for people moving from the countryside to cities, and has provided strong GDP growth, but it has weaknesses that have become more apparent since last year’s financial crisis.

That was the impression I got on my recent visit there, as noted in my column a couple of weeks ago, and it is reinforced by reading the European Chamber report on severe over-capacity in Chinese industries such as wind power, steel-making and oil refining. Read more