You should actually make your assets sweat and utilise them to 100 percent, but that is not the case here, and the industrial landscape is becoming more and more inefficient, china released the mother of all credit avalanches, hence the double-digit growth and making decision makers more complacent - they thought they could outgrow the previous overcapacity problem.

Joerg Wuttke

Categorized in : Industrials

You should actually make your assets sweat and utilize them to 100 percent, but that is not the case here, and the industrial landscape is becoming more and more inefficient, china released the mother of all credit avalanches, hence the double-digit growth and making decision makers more complacent - they thought they could outgrow the previous overcapacity problem.

energy

China is always enticing industries to grow. The system breeds ov... by Joerg Wuttke

China is always enticing industries to grow. The system breeds overcapacity.

energy

What's really hurting the economy is the lack of visibility, nobody has any idea when this situation is going to change.

China has to change the strategy, we had two good years. But now it's time to act differently. Zero Covid might not be Zero Covid now.

We've seen damage to our business.

We are on a ride downhill ... it’s gathering speed, i don’t see any exit ramp at this stage.