Recently, some international politicians and media have linked China's new energy product exports with "overcapacity", which is not only against the basic logic of economics, but also seriously inconsistent with the objective facts. It must be pointed out that under the conditions of market economy operation and international division of labor and cooperation, the formation of international production capacity pattern is the result of multiple factors. In the context of economic globalization, Made in China and Chinese products provide high-quality and efficient supply for countries around the world, provide a strong driving force for global green and low-carbon development, provide a solid support for the stability of the global industrial chain supply chain, and make positive contributions to global prosperity and sustainable development.

1、 Global production capacity layout is the objective result of the joint action of market law and economic globalization

From a global perspective, both supply and demand are global. The industrial structure of each country and the capacity level of different industries are determined by their respective comparative advantages. According to economic laws, the division of labor and cooperation among countries based on their comparative advantages is an important path to optimize the allocation of global factor resources, and also an important measure to improve production efficiency and people's well-being. At present, the processing and manufacturing products of some countries are welcomed by the world, and the high-end products of some countries are sold globally, which is the result of the deepening international division of labor and fair competition in the global market. For micro entities, according to the market-oriented principle and WTO rules, it is the natural choice of enterprises in various countries to give full play to their own advantages to expand their production capacity and expand their sales market in the face of global demand. It is under this rule that multinational enterprises have grown up. It should be noted that limiting the supply and demand balance to one country, ignoring the comparative advantage under the market economy, and equating the export advantage of high-quality products with "overcapacity", in fact, it negates the rationality of international division of labor, the regularity of economic globalization, and violates the trend of deepening international cooperation, symbiotic and integrated development, It will cause huge losses to global economic development and the well-being of people of all countries.

2、 It is a common sense mistake to equate supply and demand fluctuation with "overcapacity", which violates the laws of market economy

From a market perspective, whether there is overcapacity depends on the relationship between supply and demand. one side, Because of the information asymmetry between supply and demand, it is difficult for enterprises to accurately predict the market situation. Capacity adjustment and demand change are often not synchronized. The "absolute balance" of supply equals demand is accidental and instantaneous, and more often it is the "dynamic balance" of demand pulling supply, supply creating demand, and continuous optimization and adjustment. In fact, macroeconomic cycle, consumer preference adjustment, trade barriers, technological progress, natural disasters and other factors will increase the difficulty for enterprises to adjust their production capacity. Any country will have some industries and some periods of supply and demand mismatch. There is no contradiction between local supply and demand gap and the overall dynamic balance. on the other hand, From the perspective of industry life cycle, after some emerging industries have completed the initial stage of technology accumulation and market cultivation, enterprises will invest heavily and increase production capacity to seize the market, which is the "surge" phenomenon of emerging industries. The "surge" will cause the capacity scale to exceed the demand at a certain point in time, but this phenomenon is phased, and it is also conducive to accelerating technological innovation and industrial upgrading through market competition. As market demand continues to expand and emerging industries enter a mature period, competitive enterprises and high-quality production capacity gradually emerge, relatively backward production capacity exits the market, and supply and demand adjust spontaneously and return to dynamic balance. It is well known that simply identifying this phenomenon as "overcapacity" ignores the leading role of market mechanism in the change of supply and demand relationship, and does not conform to the general law of industrial development. If professionals in the economic field put forward the above views, it is even more suspected of deliberately confusing the public and distorting the facts to achieve an ulterior purpose.

3、 China has always been an important contributor to global prosperity and sustainable development

（1） China's deep participation in global division of labor and cooperation is an important support for the stable and smooth operation of the global industrial chain supply chain. Relying on a complete and efficient industrial system, China continues to play the role of "stabilizer" in the operation of the global industrial chain supply chain; With excellent technology and high-quality products, Chinese enterprises have become business partners and preferred manufacturers for consumers of enterprises in various countries. More than one-third of Apple's suppliers in the supply chain come from mainland China, and BMW has more than 460 local suppliers in China. With the improvement of innovation capability, Chinese enterprises are becoming important suppliers of leading technologies. In the automotive field, many multinational companies and Chinese new energy vehicle enterprises have accelerated their technological cooperation. The technological innovation of Chinese new energy vehicles has brought new development opportunities to the global automotive industry.

（2） China actively practices the concept of sustainable development, which is an important force to promote the global green and low-carbon transformation. From the perspective of building a community with a shared future for mankind, China vigorously advocates the concept of green development, and comprehensively promotes the formation of green production and lifestyle. It has both advocated and worked hard, fully demonstrating the responsibility of a responsible big country. China's hydropower, wind power, photovoltaic, nuclear power installation scale under construction and other indicators have kept the first place in the world for many consecutive years, and has built the world's largest clean power generation system; China's new energy vehicles, lithium batteries and photovoltaic products have become popular products worldwide. Renewable energy products have been exported to more than 200 countries and regions around the world, providing high-quality green products to people around the world, helping developing countries obtain clean, reliable and affordable energy sources, and making important contributions to the global green and low-carbon transformation and development.

（3） China firmly upholds the principle of market economy, which is an ideal fertile ground for enterprises of all countries to take root and develop. China adheres to the principles of market economy and fair competition, fully guarantees the national treatment of foreign-invested enterprises, continues to create a world-class business environment, welcomes enterprises from all over the world to invest in China with an open, equal and inclusive attitude, and allows enterprises from all over the world to fully share China's development opportunities. On the market side, the construction of China's large market will benefit the world. In 2023, Tesla's Shanghai factory will produce 947000 vehicles and deliver 603000 vehicles in the Chinese market, accounting for about 1/3 of its global market. On the investment side, most foreign-funded enterprises are full of confidence in China's development prospects. In the first quarter, the number of newly established foreign-funded enterprises increased by 20.7% year on year, while Germany and ASEAN's investment in China increased by 48% and 5.8% respectively; According to the Foreign Direct Investment Confidence Index (FDI) Report 2024 released by Kearney, China jumped from the seventh place in the world last year to the third place this year, ranking first in emerging markets. Just seeing the broad development space of China, more and more high-quality foreign-funded enterprises choose to go with China to invest in China and win the future. (Author: Jin Xuan, National Development and Reform Commission)