From Underdog to Accused: Is China Truly Facing 'Overcapacity'?
"The US allocates a big budget that runs into billions that is intended to smear or demonize its adversaries like China," said Ong Tee Keat, president of the Belt and Road Initiative Caucus for Asia Pacific and former Malaysian minister of transport.
While China was touted as the biggest powerhouse of manufacturing when it was at the lower end of the global value chain, China with self-innovation has been accused of "overcapacity" now.