Guòshèng de shēngchǎn nénglì shì yí ge yánzhòng wèntí.
Excess production capacity is a serious problem.
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产能过剩 (overcapacity) is a recurring diagnosis in Chinese economic policy — the post-2008 stimulus left steel, cement, and solar sectors with huge excess 生产能力, which drove the 供给侧改革 (supply-side reform) agenda from 2015 onward.
