On December 23, local time, in response to recent times, some European and American politicians and media have once again hyped up the so-called “overcapacity theory” of China and extended this accusation from the new energy industry to more industrial categories, claiming that China uses exports to absorb excess capacity and impact the world market. Minister Peng Gang of the Chinese Mission to the European Union responded in an article signed by the well-known European media “EU News”. In reality, this rhetoric is misusing the concept of “overcapacity”, which is not in line with objective facts, but also against the laws of the market economy.

On December 23, local time, in response to recent times, some European and American politicians and media have once again hyped up the so-called “overcapacity theory” of China and extended this accusation from the new energy industry to more industrial categories, claiming that China uses exports to absorb excess capacity and impact the world market. Minister Peng Gang of the Chinese Mission to the European Union responded in an article signed by the well-known European media “EU News”. In reality, this rhetoric is misusing the concept of “overcapacity”, which is not in line with objective facts, but also against the laws of the market economy.