oversupply

But some analysts have warned that oversupply will keep the market under pressure until at least 2028.

Struggling California vineyards are having to compete with bargain-basement wine prices from overseas growers, due to global oversupply.

Analysts and solar companies say the future remains bright if China can quickly adapt to the oversupply.

Under the system, to avoid price-killing oversupply, farmers are assigned a production quota — effectively a license to produce milk, chicken, turkey or eggs — that they cannot exceed.

Concerns about Chinese oversupply have come just as a broader slowdown in sales has hit EV makers.