How do we deal with Chinese overcapacity?

The summit between Presidents Donald Trump and Xi Jinping did not deliver much, except for some lowering of tariffs, and there was no agreement on long-term challenges of overcapacity and trade. Companies are still complaining about a second China shock. The European Union and China established a working group in May of this year on "macroeconomic imbalances," but it has failed to produce results so far, and European Commission president Ursula von der Leyen has said that patience is running out

Source: Peterson Institute (PIIE)