AI Vibes: US claims of China's 'overcapacity' groundless

Описание: Last year, China's exports of "new three" products—#newenergy vehicles (NEVs), photovoltaic products, and lithium batteries—surpassed 1 trillion yuan ($138 billion) for the first time, growing nearly 30 percent.

Many people in the international business community have praised China for its firm promotion of green transformation.

However, some people in the US have labeled China as "#overcapacity," arguing that the abundance of exported goods indicates a production capacity that surpasses both China's domestic demand and the capacity of the global market to absorb them.

Such an argument is entirely untenable.