STORY: American scholar debunks "overcapacity" claim
SHOOTING DATE: May 16, 2024
DATELINE: May 18, 2024
LENGTH: 00:01:18
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY

SHOTLIST:
1. SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University
2. SOUNDBITE 2 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University

STORYLINE:

Recently, American politicians and the media have fabricated 
a theory claiming overcapacity in China's new energy industry

Washington on Tuesday imposed new tariffs on Chinese 
products including electric vehicles (EVs)

An American professor said the protectionist move 
is unfounded and worrisome

SOUNDBITE 1 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University
"Now there's no evidence that dumping has taken place, at least not in the EV industry, which is one of the key industries that the U.S. is really targeting in China. So why do we have this narrative, why do we have a narrative where EVs don't even have a position in the U.S. market? There are already so many restrictions in place that there are no Chinese EVs in the market. And Washington is saying we need more restrictions because China has this "overcapacity." If I'm an American consumer, my government is telling me I don't want you to buy cheap, well-made automobiles that are good for the environment, because that's not in your best interest. I would be worried about that as a citizen."

Mahoney said China's competitive edge in the EV market is 
facilitated by its complete supply chain and logistics support

SOUNDBITE 2 (English): JOSEF GREGORY MAHONEY, Professor of politics at East China Normal University
"But nevertheless, the EV industry in China has been held up, most recently as a case study of global competition. China welcomed Tesla and it welcomed other players in, and what it really had the advantage of doing was making sure that there was a complete supply chain, a complete logistic support, which then made it possible for China to realize comparative advantages."

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)