China’s factory glut alarms the world but there is no quick fix

China announced proposals Wednesday to slow expansion in the battery industry but they’re not binding. — Reuters

BEIJING: The groundswell of complaints about China’s factory output keeps getting louder, but there’s no sign Beijing is ready for fixes that might backfire on its vulnerable economy.

This week, European Union leaders who are threatening tariffs on electric vehicles (EVs) were the latest to scold China about overcapacity.