Opinion | How the US can actually benefit from China’s ‘overcapacity’

Opinion | How the US can actually benefit from China’s ‘overcapacity’

Western media and policymakers enjoy wagging their fingers at China’s industrial “overcapacity”, which in reality is simply the ability to produce solar panels, batteries, electric vehicles, steel and other goods more cheaply and efficiently than others can. Yes, some industries are subsidizedbut they also benefit immensely from rapid growth in technical know-how and economies of…

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