A prominent Chinese scholar argues that global trade imbalances are not solely due to China's manufacturing overcapacity but also stem from other economies' struggles to adapt to global economic shifts. Huang Yiping, dean of Peking University's National School of Development, suggested that while China has made progress in reducing its current-account surplus, other nations also face challenges in adjusting their economic structures. He highlighted China's green manufacturing capacity as a potential asset for the global energy transition, despite concerns about overproduction. AI
RANK_REASON Opinion piece from a scholar discussing global economic dynamics.
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