The Red Ponzi Never Learns: China's Excess Auto Capacity Now Exceeds US Annual Production.

According to a 2017 study by PricewaterhouseCoopers (PwC), a third of China’s overall capacity in 2018, or 14 million of the 42.8 million vehicles a year capacity, is estimated to be idled.

 

https://www.reuters.com/article/us-china-autos-investment-analysis/automakers-fret-as-china-clamps-down-on-capacity-seeks-consolidation-idUSKCN1LK0GZ?utm_campaign=trueAnthem:+Trending+Content&utm_content=5b8f33fe04d3017cb92345a7&utm_medium=trueAnthem&utm_source=twitter

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