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European Chamber of Commerce in China says overcapacity could impede reforms

The European Chamber of Commerce in China released a new report on Monday in Beijing that assesses the problem of increased overcapacity in China’s industrial economy. CCTVNEWS spoke to the chamber’s President Joerg Wuettke, who said that “without a sustained effort to address it now, overcapacity may well seriously impede the effectiveness of China’s economic reform agenda.”

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