The theory of so-called "overcapacity" of China's new energy industry is in fact a fallacy, which not only fails to meet reality, but also goes against the law of market economy development, a senior official with the General Administration of Customs said on Tuesday.
Zhao Zenglian, deputy chief of the General Administration of Customs, made the statement at a press conference in Beijing to deny the claim hyped up recently that there is so-called "excess capacity" of China's new energy industry.
"Green has become the distinctive undertone of high-quality development in foreign trade. Four out of every ten cars exported by China are electric vehicles, and seven out of every ten rail locomotives exported by the country are electric. Besides, nearly 90 percent of the batteries exported by China are lithium batteries. Recent claim of so-called 'overcapacity' in China's new energy industry is a fallacy. Such a theory is inconsistent with reality and also contradicts the principles of market economy development. Take electric vehicles as an example. According to estimates by the International Energy Agency, global electric vehicle sales are projected to reach around 45 million units annually by 2030. This number is three times the global sales in 2023 and five times that of China's production. Far from being in surplus, China's new energy products are contributing significantly to the global green supply, thereby contributing China's strength to combating climate change worldwide," he said.
China’s EV "overcapacity" is fallacy: official
Efforts are continuing to search for survivors of last Friday's powerful earthquake in Mandalay, Myanmar, as other post-disaster work proceeds in some parts of the city at the same time to clear the rubble of collapsed buildings, provide medical care for the injured and proper shelter for the affected, and prevent the spread of potential diseases.
According to a Myanmar rescuer participating in search and rescue operations in the country's second-largest city, the clock is ticking down to find more survivors who remain buried under the debris of collapsed buildings more than five days after the 7.9-magnitude earthquake rocked the country. The disaster has claimed 3,085 lives, injured 4,715, and left 341 more missing, the Information Team of the State Administration Council said on Thursday local time.
"The top priority for us rescuers is finding more survivors. But since a long time has already passed, our next main task will be to recover the bodies of the victims," Ko Kyaw Min, head of a rescue team from Hpakant, a town in Kachin State, told China Central Television (CCTV) in an interview on Thursday.
Meanwhile, the search and rescue operations as well as epidemic prevention and control efforts in Mandalay are facing multiple hurdles such as a lack of power and water supplies, a communication blackout, and high temperatures that have persisted for days.
The relevant authorities in Mandalay are going all out to restore electricity, water and communication services in the stricken areas and have brought in large machinery to clear the rubble and debris.
An air route dedicated to disaster relief has been put into operation at the city's airport since Wednesday, and another civil aviation route is expected to open on Friday, a CCTV reporter learned from local officials.
The city is also seeing more medical teams arriving to assist in treating the injured, and more relief supplies such as tents, food, drinking water, and medicine are pouring in and being distributed to the affected locals.
Post-disaster relief work ongoing in Mandalay as authorities strive to restore basic services
