China's booming new energy vehicle (NEV) sector is facing scrutiny from Western nations over alleged overcapacity. He Helin, an official from China's Ministry of Industry and Information Technology, refuted these claims, arguing that the assertions lack foundation. A prominent economist suggests that U.S. politicians are leveraging Chinese overcapacity as an electoral tool rather than viewing it purely as an economic concern. Domestically, he views overcapacity as a negative externality to China’s rapid manufacturing growth. The Chinese Foreign Ministry stated that the U.S. hyping of China's overcapacity in the NEV sector deviates from facts and economic rules, aiming to create protectionism by forcing G7 members to bar Chinese new energy products. This, according to the Ministry, is detrimental not only to consumers in those countries but also to the global green transition.
“Overcapacity” is just a pretext the US uses to form a coalition for protectionism targeting Chinese new energy products within the G7. This is bad news not only for the consumers of those countries but also global green transition. https://t.co/8SIOHZrGfA
The Chinese Foreign Ministry said on Wednesday that the US' hyping of China's "overcapacity" in the new energy sector completely deviates from facts and economic rules. The US attempts to force G7 members to bar Chinese new energy products. It aims to create a protectionism… https://t.co/wCJqtgWA2D
Opinion: The US-concocted “overcapacity” narrative against China’s new-energy industry is politicizing economic and trade matters. The ungrounded “overcapacity” accusation is nothing but a fallacy fabricated by the US. In reality, there is no overcapacity problem in emerging… https://t.co/VuVTo8lf3N
Remember when certain people were scared China was ahead in AI? I rest my case https://t.co/0ouH32JAiW
A prominent economist suggests U.S. politicians are leveraging Chinese overcapacity as an electoral tool, rather than seeing it purely as an economic concern. Domestically, he views overcapacity as a negative externality to China’s rapid manufacturing growth.
Chinese commentators definitely believe in Chinese overcapacity. https://t.co/TgAEVC0ynk
China's booming NEV sector faces scrutiny from certain Western nations over alleged "overcapacity." Why do such assertions lack foundation? He Helin, an official from the Ministry of Industry and Information Technology, has this to say: #ChinaEconomicRoundtable https://t.co/eTSdUoRjA7
The U.S. and China are engaged in an AI arms race. https://t.co/Niyd8Ogexd