China Admits It Has An Overcapacity Bubble

Earlier in the year we unveiled the most ‘epic’ Chinese over-capacity bubble chart. Of course, China bulls shrugged at such inconvenience as demand and supply imbalance (even as Michael Pettis destroyed many of their hopes and dreams as all that debt – to over-build and over-supply – has to be…

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China Admits It Has An Overcapacity Bubble

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