In a recent development, Chinese Premier Li Qiang addressed concerns from Western nations regarding alleged overcapacity in China's rapidly expanding new energy industries. Speaking during his meeting with German Chancellor Olaf Scholz in Beijing, Premier Li confidently dismissed these claims.
\"Our new-energy industry has achieved its advantages through self-improvement and robust market competition, not merely government subsidies,\" stated Premier Li. He emphasized that the production capacity across different countries is shaped by their unique comparative advantages and that enhanced international cooperation is key to mutual development.
The Premier highlighted that China's high-quality production capacity in the new energy sector is set to make significant contributions to global green initiatives. Supporting his remarks, recent data analyses reveal no evidence of overcapacity in China's emerging industries.
The National Information Center of China forecasts a surge in new energy vehicle adoption, with penetration rates expected to rise from 35.2% in 2023 to 60% by 2033. The International Energy Agency echoes this optimistic outlook, projecting global electric vehicle sales to reach 45 million by 2030 and solar photovoltaic additions to expand nearly fourfold to 820 gigawatts within the same timeframe.
Jin Xiandong, an official from China's National Development and Reform Commission, addressed the notion that increased production capacity equates to overcapacity. He explained, \"A moderate surplus of production over demand fosters healthy market competition and natural selection, a common phenomenon worldwide.\" Jin also rejected the idea that exported goods signify overcapacity, calling such allegations unfounded.
These assertions come at a time when China's new energy sector continues to be a focal point in discussions about sustainable development and economic resilience. As global demand for clean energy solutions grows, China's strategic positioning and commitment to high-quality production underscore its pivotal role in shaping the future of green technology.
Reference(s):
cgtn.com
