A child experiences a Lynk & Co's new energy vehicle at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 30, 2024. - Photo/Xinhua
Exaggerating the "China overcapacity" narrative will impede the advancement of high-quality production capacity globally but will not discourage multinational corporations from expanding their presence in the country, said market watchers and foreign business executives.
They said the active participation of foreign automakers and parts suppliers in the 2024 Beijing International Automotive Exhibition, or Auto China 2024, and the 135th session of the China Import and Export Fair (Canton Fair), held in Guangzhou, Guangdong province, along with the significant rise in signed contracts, are compelling rebuttals of the "China overcapacity" narrative.
