A glut of cheap Chinese goods is flooding the world and stoking trade tensions

London/Hong Kong CNN — China's factories are churning out more steel, cars and solar panels than its slowing economy can use, forcing a flood of cheap exports into foreign markets. The oversupply of Chinese goods in key industries is stoking tensions between the world's biggest manufacturer and its major trading partners, including the United States and the European Union. Its global trade surplus in goods has soared and is now approaching $1 trillion. The United States and the EU are fretting over potential "dumping" by China — that is, exporting goods at artificially low prices — with electric vehicles among…