In recent weeks, leaders of the United States, France, Germany and other G7 countries have sounded the alarm bells about overcapacity in the Chinese economy in three areas: electric vehicles (EVs), solar panels and batteries. In response, Chinese President Xi Jinping says overcapacity does not exist. What is at stake for China and the West?The European auto industry is facing pressure from China’s EVs. While many consumers in Europe are buying EVs, it is Chinese brands that are gaining traction with their features and lower retail prices. At the same time, several car factories have shut in Europe, and thousands of ... (full story)