The Socialist Program with Brian Becker cover image

Treasury Head Yellen’s New China Complaint

The Socialist Program with Brian Becker

CHAPTER

Unveiling Excess Capacity and Chinese Economic Strategy

The chapter explores the concept of excess capacity in US-China trade, questioning the narrative around it and explaining China's success in electric vehicle production through economies of scale. It discusses the evolution of China's market presence, its economic strategy, and the Western critique of China's economic growth, emphasizing China's unique economic model and reluctance to take Western economic advice.

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