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“Addressing these challenges may possibly warrant our using defensive motion to guard our firms and workers — and the normal Device kit of trade steps might not be ample,” Mr. Shambaugh extra. “A lot more Resourceful strategies may be required to mitigate the impacts of China’s overcapacity.”
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Inside of a speech on Wednesday, Jay Shambaugh, Treasury’s beneath secretary for Worldwide affairs, warned concerning the chance that China’s excessive industrial potential poses to the worldwide financial state by distorting marketplaces and undercutting honest competition.
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