Singapore’s former Foreign Minister George Yeo has fired back at Western critiques of China’s economic policies, calling claims of 'overcapacity' a reflection of China’s new energy dominance. Speaking at an Asia Society event, Yeo turned heads by framing China’s industrial strength as a product of its massive domestic market and relentless workforce.
The Roots of China’s Success
Yeo argued that China’s competitive edge in sectors like electric vehicles and renewables isn’t about overproduction—it’s about efficiency and scale. 🌏 'When you have 1.4 billion people working hard to innovate, you create momentum that’s hard to match,' he said, highlighting how China’s market size turbocharges R&D and manufacturing.
A Balanced Global View
The ex-minister urged nations to adapt rather than criticize, comparing the situation to 'a tech startup outpacing legacy giants.' 💡 His comments come as global debates over green tech tariffs and supply chains intensify.
