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Group: Chinese overinvestment could strain trade

Originally published: November 26, 2009 8:04 AM
Updated: November 26, 2009 9:53 AM
By The Associated Press  JOE McDONALD (AP Business Writer)

Quick ReadGroup says Chinese stimulus-fueled overinvestment could drive up exports, strain trade ties

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BEIJING (AP) — China's stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand, possibly igniting a protectionist backlash abroad, a European business group warned Thursday.

Industries including steel, cement and plastics are "still blindly expanding" despite the worst global slump since the 1930s, the...

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