October 10, 2018 / 9:39 AM / in 9 days

Trade rules need to address Chinese excess capacity: EU's Moscovici

NUSA DUA, Indonesia (Reuters) - Any rewrite of global trading rules must deal with the issue of excess industrial capacity in China, European Commission Economic Commissioner Pierre Moscovici said on Wednesday.

FILE PHOTO: European Economic and Financial Affairs Commissioner Pierre Moscovici speaks during a news conference in Brussels, Belgium August 20, 2018. REUTERS/Francois Lenoir

“We absolutely need to address the issue of overcapacities in China. Nobody can say that this is not a problem. This has to be dealt with,” Moscovici said at a trade event at the International Monetary Fund and World Bank annual meetings in Bali.

Reporting by David Lawder; Editing by Simon Cameron-Moore

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below