Current location:politics >>
China not to blame for prices
politics95People have gathered around
IntroductionExperts: Issue exaggerated, should not be politicizedChina should not be blamed for offering cost-ef ...
Experts: Issue exaggerated, should not be politicized
China should not be blamed for offering cost-effective new energy technologies and products to the world amid rising accusations of so-called overcapacity concerns, industry experts said on Wednesday.
They made the comments as United States Treasury Secretary Janet Yellen reportedly cautioned that China's overcapacity in electric vehicles, lithium-ion batteries and solar products will distort global prices.
"In conflating overcapacity and the broader issues of the EV market, Washington's narrative is way off the mark. It is the U.S. market's high prices, not Chinese overcapacity, that hinder widespread EV adoption, given that Chinese EVs are completely excluded from the U.S. currently," said Wang Xin, associate professor of China Studies and director of Asian Studies in the department of languages and cultures at Baylor University in the U.S..
Wang said that last year, the EV share of the total U.S. vehicle market was only 7.6 percent, and while U.S. consumers have limited choices with new EVs averaging around $50,000, China's largest EV maker, BYD, offers a subcompact, Seagull, for less than $10,000.
"In contrast, the U.S. is lagging in realizing even its EV infrastructure ambitions. China has nothing to do with this slow rollout. Unlike the protectionist stance adopted by the U.S., China's approach prioritizes industry-wide growth rather than narrow corporate and political interests," he added.
Zhang Xiang, an auto sector researcher at North China University of Technology, said that the rise of China's new energy industry is fundamentally a result of its ultra-large-scale market, complete industrial system and abundant human resources.
"It is not reasonable to leverage political power to hinder the public's access to China's cost-effective new energy technologies and affect the prospects of global green transformation," he said.
Zhang added that China's overcapacity problem has been "exaggerated", as industrial overcapacity could happen in any sector in any country, and should not be politicized.
"Whether there is overcapacity should be based on global market demand and future development potential, and the market adjusts itself according to the law of value," he added.
Bloomberg also said in a recent report that from the rest of the world's perspective, overcapacity can be felt through lower prices, and China's automobile exports, which surged last year as the country overtook Japan as the world's top car exporter, actually became more expensive, which suggested their rising attractiveness isn't due to price cuts.
Lu Yan, an industry veteran and independent analyst, pointed out that China is indeed in the process of gradually optimizing the structure of the production capacity of traditional fuel vehicles and increasing the production capacity of new energy vehicles.
"Some regions are doing well and some are not doing well enough. But it is a structural and cyclical excess and that is where strategies will need to be adjusted in some regions in the future," Lu said.
On the contrary, rising protectionism from Western economies like the U.S. and Europe will not offer a fair competition market for green energy, and may lead to the penetration of NEVs not occurring in an expected way, he added.
The EU Commission also announced earlier this week that it will launch an inquiry into alleged Chinese subsidies for suppliers of wind turbines.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Planet Pulse news portal”。http://sierraleone.mybodyonelife.com/news-26d799934.html
Related articles
China's sci
politicsA visitor tries a space helmet originating from "The Wandering Earth", a Chinese sci-fi bl ...
【politics】
Read moreQB Stetson Bennett is back with the Rams for offseason workouts after missing his first NFL season
politicsTHOUSAND OAKS, Calif. (AP) — Quarterback Stetson Bennett has rejoined the Los Angeles Rams for the s ...
【politics】
Read moreMoment Israel wipes out top Hezbollah commander in precision airstrike on his car in Lebanon
politicsThis is the moment Israel wipes out a top Hezbollah commander in a precision airstrike on his car in ...
【politics】
Read more
Popular articles
- Chinese readers find new passion for scientific literature
- US Figure Skating championships headed to Wichita, Kansas, next year with worlds on tap for Boston
- Remnants of bird flu virus found in pasteurized milk, FDA says
- Tragedy as five migrants die crossing Channel trying to reach Britain
- 3 dead, 4 missing in explosion at Italy power station
- Do YOU think St George's Day should be a national holiday?
Latest articles
Chinese FM holds talks with Bolivian counterpart
Surge in Channel crossings as one in five small boats migrants are now from Vietnam, figures show
NASA hears from Voyager 1, after months of quiet
How major US stock indexes fared Tuesday, 4/23/2024
Not just for trolls! Four
Bobrovsky makes incredible save during Panthers
LINKS
- A tornado strikes the southern China metropolis of Guangzhou
- The Simpsons producer apologizes to fans for killing off long
- Long lines form and frustration grows as Cuba runs short of cash
- Bengals address needs on offensive and defensive lines in NFL draft, add a receiver for depth
- Elliss, Jenkins, McCaffrey join Harrison and Alt in following their fathers into the NFL
- Brit reveals all the wild items she bought in an American Walmart
- The surprising sexual kink that is most likely to result in orgasm, new study suggests
- Indiana voters to pick party candidates in competitive, multimillion dollar primaries
- Long lines form and frustration grows as Cuba runs short of cash
- Industrial robot makers gear up for global expansion