Is China's #overcapacity just #capability?
China’s industrial might is shaking the globe. The West labels it as #overcapacity. This week, top guns like US Treasury Secretary Janet Yellen and European Commission President Ursula von der Leyen warned China against swamping the market with cheap exports.
image: European Commission President Ursula von der Leyen
But I wonder, is it really #overcapacity or just #capacity? We might ask is this situation not congruent with Peter H. Diamandis and Steven Kotler’s “Theory of Abundance” so popular in the West recently?
As always, the answer hinges on where you stand, where you live, your context and your perspective.
Plunge into this debate with Kyle Chan’s incisive analysis here.