Interview: "There's no such thing as overcapacity," says researcher in Japan

TOKYO, May 9 (Xinhua) -- "There's no such thing as overcapacity," Tang Jin, a senior researcher at Japan's Mizuho Bank, told Xinhua in a recent interview, highlighting the global consensus and trend towards green and low-carbon pursuits, as well as the burgeoning development of electric vehicles worldwide.

Tang pointed out that among about 90 million units in annual global sales of new cars, around 30 million are sold in the Chinese market, with a demand for 60 million new cars in overseas markets.