Evidence of overcapacity claim weak: UK economic historian

STORY: Evidence of overcapacity claim weak: UK economic historian SHOOTING TIME: June 25, 2024 DATELINE: June 27, 2024 LENGTH: 00:02:14 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: Renowned UK economic historian Adam Tooze argues that evidence of "overcapacity" in China's electric vehicle (EV) industry is weak. He made the remarks in an interview with Xinhua at the 2024 Summer Davos in the northeastern Chinese city of Dalian. Tooze, director of the European Institute at Columbia University, says Europe and the U.S. are lagging behind China in developing the EV industry. During its process of accelerating the green energy transition, China witnessed the emergence of world-beating firms that are low-cost, high-quality with extraordinary supply chains. "It's hard to see that as evidence of 'overcapacity'," says Tooze. SOUNDBITE (English): ADAM TOOZE, Director of the European Institute at Columbia University "If you look at the areas which are most political, I think the evidence (of 'overcapacity')

U.S. "shooting itself in the foot" with tariff hikes on China: Cuban expert

STORY: U.S. "shooting itself in the foot" with tariff hikes on China: Cuban expert SHOOTING TIME: May 27, 2024 DATELINE: May 28, 2024 LENGTH: 00:01:13 LOCATION: Havana CATEGORY: POLITICS SHOTLIST: 1. various of streets in Havana 2. SOUNDBITE (Spanish): EDUARDO REGALADO, Senior researcher at the International Policy Research Center of Cuba STORYLINE: The U.S. narrative of "overcapacity" against China's new energy sector, along with its decision to raise tariffs on Chinese new energy products, is not only political manipulation and economic protectionism but also undermines global trend of green transition, said Eduardo Regalado, a Cuban political expert in a recent interview with Xinhua. SOUNDBITE (Spanish): EDUARDO REGALADO, Senior researcher at the International Policy Research Center of Cuba "The move has several interpretations. Firstly, it is political manipulation with the U.S. presidential elections looming. The candidates are competing using the China factor to have a greater number of votes. And

The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

STORY: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric SHOOTING DATE: May 20, 2024 DATELINE: May 20, 2024 LENGTH: 00:02:33 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (Chinese): DING WEISHUN, Official of the Ministry of Commerce 2. SOUNDBITE 2 (Chinese): HE HAILIN, Official of the Ministry of Industry and Information Technology 3. SOUNDBITE 3 (Chinese): QU FENGJIE, Researcher with the Academy of Macroeconomic Research under the NDRC 4. SOUNDBITE 4 (Chinese): HUO FUPENG, Official of the National Development and Reform Commission (NDRC) STORYLINE: China's booming new energy vehicle (NEV) sector recently drew scrutiny for purported "Chinese overcapacity" rhetoric from certain Western nations. To provide clarity on the industry's landscape to a global audience, three government officials and an industry expert joined the fifth episode of the China Economic Roundtable, an all-media talk platform hosted by Xinhua News Agency. They elucidated why such assertions lack merit, o

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- People visit the 2024 Beijing International Automotive Exhibition in Shunyi District, Beijing, capital of China, April 25, 2024. (Xinhua/Cai Yang)

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- This photo taken on May 11, 2024 shows wind turbine blades at a wind power equipment manufacturer in Baotou, north China's Inner Mongolia Autonomous Region. (Xinhua/Lian Zhen)

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- An aerial drone photo taken on Sept. 26, 2023 shows the Tesla Gigafactory in east China's Shanghai. (Xinhua/Liu Ying)

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- A man works at the SAIC Motor-CP manufacturing plant in Chonburi, Thailand, Sept. 7, 2023. (Xinhua/Wang Teng)

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- This photo shows a view of the fifth episode of the China Economic Roundtable. (Xinhua/Jin Liangkuai)

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

Xinhua Headlines: The fallacious, dangerous logic of "Chinese overcapacity" rhetoric

(240520) -- BEIJING, May 20, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows an automated tire installation workshop of GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. (Xinhua/Deng Hua)

American scholar debunks "overcapacity" claim

STORY: American scholar debunks "overcapacity" claim SHOOTING DATE: May 16, 2024 DATELINE: May 18, 2024 LENGTH: 00:01:18 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University 2. SOUNDBITE 2 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University STORYLINE: Recently, American politicians and the media have fabricated a theory claiming overcapacity in China's new energy industry Washington on Tuesday imposed new tariffs on Chinese products including electric vehicles (EVs) An American professor said the protectionist move is unfounded and worrisome SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University "Now there's no evidence that dumping has taken place, at least not in the EV industry, which is one of the key industries that the U.S. is really targeting in China. So why do we have this narrative, why do we have a narrative

European green industries look to China for upturn, debunk overcapacity claim

STORY: European green industries look to China for upturn, debunk overcapacity claim SHOOTING TIME: Earlier footage DATELINE: May 17, 2024 LENGTH: 00:02:08 LOCATION: Brussels, Budapest, Berlin, Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of launching ceremony of Senj Wind Farm In Croatia 2. various of the landscape of Budapest in Hungary 3. various of the street view in Germany 4. SOUNDBITE 1 (Hungarian): MARTON NAGY, Hungarian Minister for National Economy 5. SOUNDBITE 2 (German): HILDEGARD MUELLER, President of the German Association of the Automotive Industry 6. SOUNDBITE 3 (English): CARL FEY, Professor of strategy at BI Norwegian Business School STORYLINE: In the global shift towards sustainable energy solutions, China's investments in green projects in Europe have played a crucial role in advancing the continent's green transition. In Croatia, the Chinese-built Senj Wind Farm annually produces 530 million kilowatt-hours (kWh) of green electricity, cutting Croatia's carbon dioxide emissions by about

German auto association chief sees new tariffs, protectionism as "wrong way to go"

STORY: German auto association chief sees new tariffs, protectionism as "wrong way to go" SHOOTING TIME: May 14, 2024 DATELINE: May 16, 2024 LENGTH: 00:01:27 LOCATION: Berlin CATEGORY: ECONOMY SHOTLIST: 1. various of NEVs production in China 2. SOUNDBITE (German): HILDEGARD MUELLER, President of the German Association of the Automotive Industry (VDA) STORYLINE: The recent so-called narrative of overcapacity on Chinese NEVs is "questionable," said Hildegard Mueller, president of the German Association of the Automotive Industry (VDA), during an interview with Xinhua on Tuesday. SOUNDBITE (German): HILDEGARD MUELLER, President of the German Association of the Automotive Industry (VDA) "I find this word questionable. In China, around 16 percent of the cars produced are exported. The German auto industry has higher export figures. We export three out of four cars produced and therefore experience international, global competition. Fair competition is always important. What is important is that the markets a

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- This photo taken on April 19, 2024 shows a scene at the signing event for an agreement between Spain's auto company Ebro-EV Motors and China's Chery Automobile in Barcelona, Spain. (Photo by Joan Gosa/Xinhua)

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- A man looks at a BYD electric vehicle in Budapest, Hungary, Oct. 17, 2023. (Photo by Attila Volgyi/Xinhua)

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- This photo taken on Sept. 27, 2020 shows a lifting operation at the construction site of the Senj Wind Farm project in Senj, Croatia. (Photo by Ding Decai/Xinhua)

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto speaks during a ceremony in Debrecen, Hungary, on Sept. 5, 2022. Chinese battery producer Contemporary Amperex Technology Co., Limited (CATL) signed a real estate deal with the city of Debrecen in Hungary, marking the official launch of its second European plant. (Photo by Attila Volgyi/Xinhua)

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- A staff member (L) introduces a NIO vehicle to a visitor at a NIO House in Berlin, capital of Germany, May 16, 2024. (Xinhua/Ren Pengfei)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240428) -- BEIJING, April 28, 2024 (Xinhua) -- People work at the Great Wall Motors (GWM) manufacturing plant in Rayong, Thailand, Jan. 12, 2024. (Xinhua/Wang Teng)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240428) -- BEIJING, April 28, 2024 (Xinhua) -- An aerial drone photo taken on Oct. 30, 2023 shows wind turbines of Cox's Bazar wind power project built by a Chinese company in Bangladesh. (Photo by Salim/Xinhua)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Visitors watch the demonstration of a battery swap station of Chinese brand NIO at the 2024 Beijing International Automotive Exhibition in Shunyi District, Beijing, capital of China, April 25, 2024. (Xinhua/Ju Huanzong)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240428) -- BEIJING, April 28, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows a new energy vehicle (NEV) assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, central China's Henan Province. (Xinhua/Li Jianan)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240428) -- BEIJING, April 28, 2024 (Xinhua) -- People visit the booth of CATL at the 12th Energy Storage International Conference and Expo (ESIE) at Shougang Exhibition and Convention Center in Beijing, capital of China, April 11, 2024. (Xinhua/Yin Dongxun)

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

Xinhua Headlines: Fallacies and facts about China's "overcapacity"

(240428) -- BEIJING, April 28, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows an electric platform model of GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. (Xinhua/Deng Hua)

FM spokesperson refutes western accusation of "overcapacity"

STORY: FM spokesperson refutes western accusation of "overcapacity" SHOOTING TIME: Recent footage DATELINE: April 28, 2024 LENGTH: 0:01:32 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE (Chinese): WANG WENBIN, Chinese Foreign Ministry spokesperson STORYLINE: Some Western countries have lately been accusing China of "overcapacity," which is baseless hype and China firmly rejects it, a Foreign Ministry spokesperson said on Wednesday. SOUNDBITE (Chinese): WANG WENBIN, Chinese Foreign Ministry spokesperson "China's new energy sector capacity is advanced and much-needed capacity for green development, not 'overcapacity.' China's green technology and products, especially the growth of new energy industry, meet countries' need to address the energy crisis and respond to climate change and will make an important contribution to the global green and low-carbon transition. The rapid growth of China's new energy industry is determined by the laws of economics and market factors, not subsidies. China's n

China should be applauded for making NEV affordable: Zimbabwean official

STORY: China should be applauded for making NEV affordable: Zimbabwean official SHOOTING TIME: April 15, 2024 DATELINE: April 17, 2024 LENGTH: 0:02:26 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (ENGLISH) CHRISTOPHER MUTSVANGWA, Zimbabwe's ruling ZANU PF party Politburo member 2. SOUNDBITE 2 (ENGLISH) CHRISTOPHER MUTSVANGWA, Zimbabwe's ruling ZANU PF party Politburo member STORYLINE: The "overcapacity" rhetoric used by the United States to describe China's green industries runs counter to globalization and free trade. Christopher Mutsvangwa, Zimbabwe's ruling ZANU PF party Politburo member, dismissed the "overcapacity" rhetoric, saying China should be applauded rather than be criticized for making new energy vehicles more affordable. SOUNDBITE 1 (ENGLISH) CHRISTOPHER MUTSVANGWA, Zimbabwe's ruling ZANU PF party Politburo member "There are better ways where humanity with a shared future can embrace the efficiencies which China is bringing into the new energy sector across the board so that

China's top steel province makes headway in green transition

STORY: China's top steel province makes headway in green transition DATELINE: Dec. 22, 2022 LENGTH: 0:01:10 LOCATION: SHIJIAZHUANG, China CATEGORY: ECONOMY/ENVIRONMENT SHOTLIST: 1. various of factories in Hebei STORYLINE: As China's top steel producing province, Hebei in recent years has made headway in cutting overcapacity and pollution, and in the pursuit of green and balanced development. The province's steel production capacity has been reduced from 320 million tonnes at its peak to less than 200 million tonnes, while the development of strategic emerging industries and modern service industries is accelerating. By September this year, the number of iron and steel enterprises in the northern Chinese province had been slashed to 39 from 123 about 10 years ago. In 2022, Hebei Province has invested about 100 billion yuan (14.3 billion U.S. dollars) in new energy power generation, aiming for adding an installed capacity of more than eight million kilowatts. Xinhua News Agency correspondents reporting f

China's old industrial base makes headway on revitalization

STORY: China's old industrial base makes headway on revitalization DATELINE: Dec. 15, 2022 LENGTH: 00:02:06 LOCATION: SHENYANG/CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of factories in Liaoning, Jilin and Heilongjiang 2. SOUNDBITE 1 (Chinese): JIN CHENGZHE, Official, Yanji high-tech industrial development zone 3. SOUNDBITE 2 (English): FRANZ DECKER, President and CEO, BMW Brilliance Automotive Ltd. 4. various of companies in Liaoning, Jilin and Heilongjiang STORYLINE: Northeast China, once the nation's heavy-industry heartland, is upbeat about the future thanks to its revitalization drive based on innovation and opening up. The resource-rich region has been long afflicted by industrial overcapacity, shrinking resources and the outflow of talent. In an effort to foster new growth engines, the region is endeavoring to promote innovation-based development while adopting a global vision for reinvigorating the economy. In Jilin Province, Yanji high-tech industrial development zone has offered p

G-20 agrees on need for collective action over industrial glut

G-20 agrees on need for collective action over industrial glut

China's Commerce Minister Gao Hucheng speaks at a news conference in Shanghai on July 10, 2016, after chairing a two-day meeting of the Group of 20 trade ministers. They agreed on the need to take collective steps to reduce industrial overcapacity and pursue a stronger multilateral trading system, amid sluggish global growth. (Kyodo) ==Kyodo