China’s high-tech manufacturing loans raise fears of wave of cheap exports

[1/2] An employee works on the production line of a semiconductor chip company in Suqian, Jiangsu province, China February 28, 2023. China Daily via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT./File Photo Acquire Licensing Rights BEIJING, Nov 13 (Reuters) – China’s leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel a new wave of cheap exports. Lending data from China’s central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled…