“Overcapacity” narrative contradicts economic common sense
By Jin Ruiting Recently, some American politicians have been continuously hyping up the false narrative of “overcapacity” in China’s new energy industry. They wrongly claimed that China has excessive production capacities in new energy vehicles (NEVs), lithium-ion batteries and photovoltaic products, asserting that the so-called “overcapacity” has posed negative impacts on global markets. Such claim…