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US, EU economic system struggling to 'survive' against China, US trade chief warns
(www.euractiv.com)
this post was submitted on 05 Apr 2024
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Yeah, overproduction would be producing things that there is no demand for. What they're complaining about is that China is cornering the markets on crucial tech that everybody is going to want going forward.
Jokes on them the world doesn't need solar panels it needs nft apes
It's "overproduction" in the sense that if western countries had a shred of sense and decency they would be mass producing green tech of their own but since they are a bunch of fossil fuel corporations in a trench coat they are too busy genociding brown people. Since China is practically the only country in the world making and selling solar panels it is overproduction according to them.
yeah basically
yeah, but they're doing it in a mysteriously oriental way by announcing what they're going to do years in advance, thereby fiendishly never giving other countries a chance to react.
I remember a sales meeting at work where the sales manager said something like "sales in China are doing well for now, but we never know what they're going to do to make doing business harder." I had to keep in a laugh.
China: here's what we're going to do for the next 5 years
West: we can never understand those inscrutable Confucian Orientals