US should enhance competitiveness instead

The United States has started expressing concern over China's "overcapacity "in new energy recently. However, this argument is unworthy of even rebutting.

In a highly specialized global economic system, output and demand cannot be limited to a certain country or region. For example, 80 percent of chips produced in the US and cars produced in Germany are exported, but did anyone ever call it "overcapacity"?

According to the International Energy Agency's projections, to achieve carbon neutrality goals, the global demand for new energy vehicles will reach 45 million in 2030, and the demand for new photovoltaic installed capacity will reach 820 gigawatts, approximately 4.5 times and four times those in 2022, respectively. As the world's largest renewable energy market and equipment manufacturer, China's high-quality production capacity is not overcapacity, but capacity urgently needed by the world.