Is China's new energy manufacturing industry really facing overcapacity? 🤔 Not according to Andrew Freris, CEO of Ecognosis Advisory! In a recent interview with Bloomberg, Freris dismissed these accusations as a 'nonsensical argument.'
He pointed out that if overcapacity were an issue, then \"Elon Musk must have excess capacity coming out of his ears because apparently he's exporting quite a lot of his output.\" 🚀
Freris's sharp comments highlight the strength and global demand for the Chinese mainland's new energy products, drawing parallels with industry giants like Tesla.
By challenging these claims, Freris emphasizes the booming role of the Chinese mainland in the global new energy market. 🌍🔋
Looks like China's energy sector is charging ahead, and the overcapacity talk is just static noise! ⚡️
Reference(s):
cgtn.com
