The fallacious, dangerous logic of “Chinese overcapacity” rhetoric
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The fallacious, dangerous logic of “Chinese overcapacity” rhetoric Source: Xinhua Editor: huaxia 2024-05-20 21:46:33 * The rhetoric of “Chinese overcapacity” contradicts factual evidence and fundamental economic principles. * At a time when the world is grappling with climate change and economic stagnation, the burgeoning new energy sector in the world’s second-largest economy holds profound significance for global development. * Trade protectionism disrupts the stable operation of the global NEV industry chain and could impede the progress of sustainable development worldwide. BEIJING, May 20 (Xinhua) — China’s booming new energy vehicle (NEV) sector recently drew scrutiny for purported “Chinese overcapacity” from...