### What does the article mean by work off this excess supply

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An article on the Chinese economy in 2012 notes that business inventories had been increasing. As a result, the author argued: "China's growth rate will not be as robust as it has been over the past few years, as the economy needs to work off this excess supply." What does the article mean by "work off this excess supply"? Why would the result be a reduction in China's growth rate?

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