Question

The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in the financial sector, but not in the steel industry. facilitating its own textile industry at the expense of the United States exacerbating the global glut of steel by investing in additional production. encouraging cloud computing firms to export their services to China but not to invest.

Answer 1

Answer:

exacerbating the global glut of steel by investing in additional production.

Explanation:

The United States Government under President Trump accused China of promoting overcapacity in production of steel and aluminium (that is industrial overcapacity).

This over-production of steel has distorted the global market by facilitating excess exports.

However China has been taking steps to reduce excess steel production although such efforts have been inadequate.

Even less has been done about the overproduction in the aluminium industry