The EU is no stranger to overcapacity. Its financial panorama as soon as featured butter mountains, milk lakes and different landmarks of extra manufacturing—the surreal outcomes of its frequent agricultural coverage, which assured excessive costs to dairy farmers. Thus the president of the European Fee, Ursula von der Leyen, knew what she was speaking about when she warned Xi Jinping, China’s ruler, about his nation’s “structural overcapacities” at a current assembly in Paris.
