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Ten questions about "overcapacity" issue (10)

(People's Daily Online) 16:58, April 30, 2024

10. What is the motivation behind the rhetoric of China's "overcapacity"?

Western monopoly capital interest groups are worried that China's rise in emerging industries will jeopardize their vested interests. As a result, they ignore market principles and try to preserve their position in the global industrial and supply chains through unfounded accusations of "overcapacity" against other countries and the imposition of trade barriers.

The resurgence of the notion that "China's excessive production capacity harms the global market" by Western politicians is driven by a zero-sum mentality. It is a political tactic aimed at tarnishing and suppressing China's economy.

Facing an upcoming general election, American politicians seek to garner votes and seek selfish gains by hyping up the "overcapacity" rhetoric, prioritizing its role as a bargaining chip over genuine economic considerations.


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(Web editor: Wu Chaolan, Du Mingming)

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