US' 'overcapacity' narrative conflicts with global demand for new energy, economic principles

Summary

The article discusses the U.S. perception of overcapacity in China, especially in sectors such as solar power, as unfounded. It argues China's new energy sector, including solar, is driving sustainable innovation and is crucial to the global energy transition, as endorsed by agencies like the International Energy Agency. The narrative of overcapacity is seen as a Western response to competitive anxiety and a pretext for protectionism, contrasting with the increasing global demand for renewable energy, where China is a key player.