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The Great Macro Debates of Each Region: From Beijing to Berlin
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Morgan Stanley Market Consensus The main debate in China is why the authorities address the problem of oversupply with more offer. On the one hand, we point out that the current overcapacity is broader and more diverse than the one seen in 2015-17 ... where the problem was focused on a group of state-owned companies (SOEs), while the current overcapacity affects more companies like the technological ones. And the question is that here reduce ca…
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