China's top economic planners are challenging global narratives that equate soaring exports with overcapacity. At a press conference Wednesday, Jin Xiandong of the National Development and Reform Commission (NDRC) argued that 'supply-demand imbalances are natural in market economies' – and might even fuel healthy competition.
The remarks come as Chinese manufacturers continue demonstrating strong global demand for solar panels, EVs, and tech products. Jin emphasized that innovation and efficiency, not government subsidies, drive China's industrial edge.
Think of it like your favorite app's algorithm: When users worldwide keep 'liking' certain features, companies naturally scale up production. This market-driven approach, officials suggest, benefits global sustainability goals through accessible green tech.
As students crunch economic data and entrepreneurs eye cross-border opportunities, this debate underscores how modern trade dynamics defy simple explanations. Where do you stand on the supply-demand tightrope?
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China's top economic planner: High export volume is not overcapacity
cgtn.com