In today’s programme, we will focus on the topic of China’s booming new energy cars and the claims of China’s “overcapacity” problem.

With the surging release of advanced new energy vehicles (NEVs) in China this year, an acrimonious discourse on overcapacity has intensified in the Western world. Consequently, the EU has initiated anti-subsidy measures while the US has steadily increased tariffs on NEVs and imposed restrictive controls on imports.

How do we define overcapacity in the context of NEVs? What is the current supply-demand dynamic in the market? How can the purchasing habits of consumers be nurtured? How can effective collaboration between NEV enterprises and governments be promoted? What roles do developing and developed countries play in the market?

On our programme today, China Forum has invited Dr Zhou Mi, Deputy Director of Institute of American and Oceania Study of Chinese Academy of International Trade and Economic Cooperation of the Ministry of Commerce, to share his view on China’s rapid NEV development.