Long dubbed “the world’s factory,” China is no longer satisfied with exporting only low-end manufacturing products. With its exports of electric vehicles (EVs), solar panels and lithium batteries, China is now in the process of conquering the American and European green markets. This is why the European Union and the United States, in particular, have begun criticizing China for its “industrial overcapacity.”
China immediately retorted: “Globally, green capacity is not in excess, it is in short supply. The problem is not overcapacity but excessive anxiety.” But that…
