HONG KONG -- Donald Trump's renewed tariff row with China is set to worsen a key problem confronting the world's No. 2 economy: a glut of cheap goods for which companies are struggling to find enough buyers.
From makers of steel rebar to furniture and solar panels, more Chinese manufacturers have slipped into the red after slashing prices to compete for market share. As of the third quarter of 2024, more than 23% of China's publicly traded companies were loss-making, compared with 20% in 2023 and less than 10% in 2019, before COVID-19 struck, according to a Nikkei Asia analysis based on data from Wind Information.
