WorkersproducephotovoltaicmodulesattheworkshopofanewenergycompanyinYi-Hui-MiaoAutonomousCountyofWeining,southwestChina'sGuizhouProvince,July19,2023.(Xinhua/YangWenbin)The"overcapacity"chargesrevealWashington'sdoublestandardonpracticingtheprinciplesadvocatingmarketeconomy,freetradeandtheglobaldivisionoflabor,whichtheUnitedStateshasclaimedtoembraceforcenturies.BEIJING,April10(Xinhua)--AtoppriorityofU.S.TreasurySecretaryJanetYellenduringherjust-concludedsecondChinatripwastoraiseWashington'sconcernstoBeijingovertheso-called"overcapacity"inChina'sflourishinggreenindustries.Priortohervisit,"Chineseoverproduction"accusationscomingoutofWashingtonhavefloodedmainstreamWesternmedia,claimingthatChinacouldoverwhelmworldmarketswithcheapexportsofsolarpanelsandelectricvehicles(EVs).Washington'sconcernsareasunfoundedastheyaremisleading.Theyarealsoareflectionofthezero-summindsetofsomepolicymakersinWashington.Inrecentyears,WashingtonhasgrownincreasinglyagitatedoverChina'shigh-techadvancement,fearingthepossiblelossofitsglobaltechnologicalsupremacy.Ithasadopteda"smallyard,highfence"strategy,slappedsemiconductorsanctionsagainstChina,andblacklistedanumberofChinesetechfirmsunderthepretextofnationalsecurity.The"overcapacity"chargesalsorevealWashington'sdoublestandardonpracticingtheprinciplesadvocatingmarketeconomy,freetradeandtheglobaldivisionoflabor,whichtheUnitedStateshasclaimedtoembraceforcenturies:WheneverU.S.industriesareinanadvantageousposition,Washingtonchampionstheomnipotenceofthemarketandfreeglobaltrade;butwhenAmericancompaniesfaceseriouscompetition,theUnitedStateslookstheotherway,andputsupaprotectionistshield.DavidFickling,aBloombergOpinioncolumnist,saidinarecentopinionpiecethat"Yellenjunks200yearsofeconomicstoblockChinacleantech"andthattheattemptisaprotectionistdisasterthatwillimpedethepathtonetzero.RobotsweldbodyshellsofcarsataworkshopofChineseelectricvehicle(EV)makerLiAutoInc.inChangzhou,eastChina'sJiangsuProvince,Jan.10,2024.(Xinhua/JiChunpeng)InsteadofcriticizingthefastdevelopmentofgreenindustriesinChina,theUnitedStatesshouldshiftitsfocustostrengtheningitsown.Bloomberghasnotedthatthecruxoftheissueforadvancedeconomies,includingtheUnitedStates,liesintheefficiencyandcompetitivenessofChineseelectriccarmakers,includingtheirtechnologicalprowessandmoderntransportinfrastructure.Infact,contrarytoan"overcapacityproblem,"thecleanenergysectorisstrugglingtomeetglobaldemandamidsturgentclimatechangeconcernsandwidespreadeffortstowardsenergytransition.Attheendof2023,theInternationalRenewableEnergyAgencyprojectedthatinordertokeeptheParistargetsalive,globalrenewablepowercapacitymustgrowbyaround1,000GWayearthrough2030.In2023,ayearwitharecordhighcapacityaddition,theworldhadanincreaseofaround507GW,halfofwhatwasneededtokeepthe1.5-degreetargetwithinreach,accordingtotheInternationalEnergyAgency'sRenewables2023report.Oneofthemostprominentobstaclestotheglobalenergytransition,thereportsaid,isinsufficientfinancingindevelopingcountries,wherecapitalcanbetwotothreetimeshigherthaninmaturerenewableenergymarkets.BehindtheinvestmentgapliestheWestern-dominatedfinancialorder,whichputsmonetarygainsoverdevelopmentalrights.InsteadoffanningSinophobiatoslowChina'sgrowth,Washingtonwouldbebetterservedbysharpeningitsowntechnologicalstrengthandcleanenergyinfrastructure.Thisalsoneedsacommitmenttodefendingfreemarketideals,whichtheUnitedStatesclaimstosupport.ChinaandtheUnitedStateshavemore,notfewer,commoninterests.ItisChina'sstancethatthetwosidesshouldhelpratherthanhindereachother'sdevelopment,bothintraditionalareassuchastradeandagriculture,andinemergingareassuchasclimatechangeandartificialintelligence.BeforedepartingforWashingtonfollowingherChinavisit,YellenrepeatedWashington'spledgenottoseekdecouplingfromChina.Simplyrejecting"decoupling"verballyisnotenoughtocreateahealthyeconomicrelationshipbetweentheworld'stoptwoeconomies.Onlywin-wincooperationindeedscan.Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.