The Chinese new-energy vehicle (NEV) sector is under scrutiny by certain Western nations over alleged 'overcapacity.' Chinese officials and commentators refute these claims, stating that the accusations lack foundation and are politicized. The US is accused of using 'overcapacity' as a tool for protectionism and coalition-building within the G7, impacting global green transition and trade relations.
Overcapacity has been core to the official economic discourse since the late 1990s. but its existence has to be denied after the US finally picks it up to describe the Chinese economy https://t.co/bMR1861OTN
#US advances containment on #China’s new-energy sector, as it pushes G7 countries to jointly respond to “overcapacity” in China. However, Chinese observers said that the #EU is unlikely to bend to this pressure, as there is great potential for China and the EU to deepen… https://t.co/mXtFbmbXfn
“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 official Chinese turn on overcapacity is odd to me given how it was pretty casually mentioned in last year's central economic work conference: 进一步推动经济回升向好需要克服一些困难和挑战,主要是有效需求不足、部分行业产能过剩...
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
The Chinese mainland’s current military strength is sufficient to deter #US military actions in the #TaiwanStraits, and its economic and diplomatic influence can also break through US containment. #China has also set bottom-line principles on the Taiwan question. Although the US… https://t.co/0Zcc3RINLn
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