OPINION

China's unbeatable new export is not a product

Oped, Jeffrey Wu, Published on 24/07/2025

» The Chinese "cannot be allowed to export their way back to prosperity", argues US Secretary of the Treasury Scott Bessent, who claims that China's economy is the "most unbalanced in history". Such remarks reflect the growing fear in Washington that China's overcapacity, subsidies, and dumping are distorting global trade.