Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China.
Employees work on the assembly line of new energy vehicles at a factory in China.
  • China's economy is struggling amid a property debt crisis and flagging demand.
  • There are concerns that China is overproducing items and exporting them to a world that cannot absorb all of them.
  • US Treasury Secretary Janet Yellen is set to address the issue of overcapacity with senior officials in China.

China's economy just can't shake off its post-COVID gloom, with GDP faltering and an imploded property market.