Source: Xinhua Editor: huaxia 2024-05-20 12:14:16 BEIJING, May 20 (Xinhua) — China’s unwavering focus on low-carbon development has fostered a new energy boom in the world’s second-largest economy, with the tailwinds blowing beyond to speed up the world’s green shift. China’s new energy boom not only underpins the realization of the country’s green development goals, but also contributes to the global green transition by offering quality and affordable products, as well as Chinese technologies and solutions, said guest speakers at the fifth episode of the China Economic Roundtable, an all-media talk platform hosted by Xinhua News Agency. GOING LOW-CARBON In...

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...