China must rein in overcapacity to avoid a global backlash

Yoosuk Kim is the President of the Chey Institute for Advanced Studies, a Seoul-based think tank focused on global affairs, economic security and technology-driven innovation.

Mounting concerns have emerged around China's industrial overcapacity. Yet this is not a conventional case of supply exceeding demand. It reflects a structural imbalance of global proportions -- one that threatens the industrial viability of many nations and calls for a fundamental recalibration of China's growth model.