Alan Tovey — Juncker tells China to cut steel production or be frozen out of global trade club

What you fall back on when you can't compete.

If the West want a "liberal" free market and free trade policy, then it has no choice but to cut wages to Asian levels. 

Liberalism is the great thing since sliced bread — when it's you that winning.

As a matter of history, pretty much the same thing happened post-WWII. Japan rebuilt its destroyed steel industry, and the US was left with outdated plants that could not compete. Then Japan was the bad guy.

The Telegraph
Juncker tells China to cut steel production or be frozen out of global trade club
Alan Tovey

Tom Miles — China warns WTO its cheap exports will soon be harder to resist

China has served notice to World Trade Organization members including the European Union and United States that complaints about its cheap exports will need to meet a higher standard from December 2016, a Beijing envoy said at a WTO meeting.

Ever since it joined the WTO in 2001, China has frequently attracted complaints that its exports are being "dumped", or sold at unfairly cheap prices on foreign markets. Under world trade rules, importing countries can slap punitive tariffs on goods that are suspected of being dumped.… 

Reuters
China warns WTO its cheap exports will soon be harder to resist
Tom Miles

Also

Unplanned inventory building up.

Nandita Bose and Sruthi Ramakrishnan, Macy's cuts full-year forecast, sends shivers through retail

Not affecting China. This is one firm on one day.

Paul Carsten and Lehar Maan, Alibaba's Singles' Day sales surge 60 percent to $14.3 billion

China is also crashing the US ecommerce direct sales market through Ali Express.