West’s new narrative against China: overcapacity
During her visit to China at the beginning of April, US Treasury Secretary Janet Yellen expressed her concern about an alleged overcapacity in the Asian giant’s new energy sector. In the last few weeks, this idea has been circulating in the Western media, accusing the Chinese government’s subsidies to energy sector companies as “unfair”. The decision to subsidize an industrial sector is a national sovereignty judgement of the country and […]