In economic theory, “overcapacity” is inherently a recurring feature of the market economy’s dynamic “balance – imbalance – rebalance” cycle, for which no universally accepted definition exists. The Western narrative that equates China’s sizable production capacity directly with “overcapacity” defies economic logic and rigor; in reality, it represents a politicization of trade and economic issues

In economic theory, “overcapacity” is inherently a recurring feature of the market economy’s dynamic “balance – imbalance – rebalance” cycle, for which no universally accepted…

In economics, overcapacity is a dynamic and relative concept. Supply-demand balance is temporary, and imbalance is the norm. The Western narrative that equates the sheer scale of…

For some time, certain economies, anxious about their own industrial competitiveness, have shifted blame for domestic structural problems onto China. They have promoted the…

In recent years, some economies, anxious about their own industrial competitiveness and market position, have politicized economic and trade issues, taking turns to hype false…

China’s rapid rise in innovation capabilities has drawn broad recognition and positive assessments from the international community. However, some have taken a different stance,…