![Copper foil production at Zhejiang Huanergy Co. in Jinhua, China.](https://cdn.statically.io/img/assets.bwbx.io/images/users/iqjWHBFdfxIU/iq1ApwnT4Z4w/v1/-1x-1.jpg)
Copper foil production at Zhejiang Huanergy Co. in Jinhua, China.
Photographer: Qilai Shen/BloombergChina’s Plan to Save the Economy Comes at a Cost to Factories
Using state power to accelerate advanced manufacturing has left even cutting-edge sectors struggling with excess supply
The pen squeaks as Jeff Pan sketches a chart on a white-board. He draws a black line signifying consumption that shoots up, then a blue line that edges higher in fits and starts, before ultimately overtaking the first.
That, he explains, is supply.