npub1ur…zlxek on Nostr: While the US accuses #China of “overcapacity” in its green technology (EVs, solar ...
While the US accuses #China of “overcapacity” in its green technology (EVs, solar panels etc) the truth is that China started investing heavily in these technologies long ago, so naturally has better, cheaper products for sale. Even Bloomberg notes the "overcapacity" argument lacks credibility: "The issue for advanced economies appears to be more that Chinese companies are more efficient rather than loaded with excess capacity." “Overcapacity or broken logic”?
https://news.cgtn.com/news/2024-05-15/Overcapacity-or-broken-logic-1tBhPBLkCTC/p.htmlPublished at
2024-05-15 04:22:20Event JSON
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"content": "While the US accuses #China of “overcapacity” in its green technology (EVs, solar panels etc) the truth is that China started investing heavily in these technologies long ago, so naturally has better, cheaper products for sale. Even Bloomberg notes the \"overcapacity\" argument lacks credibility: \"The issue for advanced economies appears to be more that Chinese companies are more efficient rather than loaded with excess capacity.\" “Overcapacity or broken logic”? \nhttps://news.cgtn.com/news/2024-05-15/Overcapacity-or-broken-logic-1tBhPBLkCTC/p.html",
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