Overcapacity narrative suppresses China’s economy

Workers install engines in new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. [Photo/VCG]

BEIJING: China holds a significant position in the global supply chain, although that’s not due to Chinese policy, but rather the result of companies and consumers worldwide making their own decisions, experts and executives say.

After all, they added, China, as the world’s second-largest economy, has a comparative advantage in its economic model – one that makes it the go-to manufacturing hub of the world.