What 'overcapacity'? Nation playing key role in global economy

In the midst of an ongoing trade dispute, the United States has been persistently raising concerns over the so-called overcapacity in China.

US Treasury Secretary Janet Yellen recently claimed that China's new energy sector suffers from overcapacity, leading to global price distortions and adversely affecting US businesses and workers. However, this viewpoint is unfounded and lacks substantial evidence.

First of all, in the era of economic globalization, the prices and sales of goods are determined by global market forces.