Undercapacity is worse than overcapacity
By: Louise Liu
2010-07-12
- by Wang Jitao In the Chinese auto industry's short history, overcapacity has been attacked as a problem perhaps more than any other issue. It has been routine for the auto community to join masses of commentators criticizing overcapacity. Suffice it to say, I was no exception, and I have always concluded my remarks with the same sentence: Let's wait and see; things will progress as I predicted.
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