Why "Overcapacity" is a Misleading Claim?
The recent buzz around "overcapacity" in the West targets China's "new trio" industries: new energy vehicles, lithium batteries and photovoltaic products.
Accusing China of "overcapacity" overlooks the fundamental dynamics of comparative advantages among countries, a cornerstone of Western capitalist economies.
The notion of "overcapacity" is being weaponized as a propaganda tool against China's economic initiatives.