Reuters/Stringer
- China has published draft regulations for the battery industry, and it wants to curb overproduction.
- That's at odds with China's official stance that there's no industrial overproduction in the country.
- The West has been complaining about China's overcapacity, but analysts say it doesn't apply to all sectors.
The West has been complaining that China is overproducing goods and dumping them on the global markets. The comments have incurred the ire of Beijing, which has, as recently as Monday, denied the claims.