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US, EU economic system struggling to 'survive' against China, US trade chief warns
(www.euractiv.com)
this post was submitted on 05 Apr 2024
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Yeah, overproduction would be producing things that there is no demand for. What they're complaining about is that China is cornering the markets on crucial tech that everybody is going to want going forward.
It's "overproduction" in the sense that if western countries had a shred of sense and decency they would be mass producing green tech of their own but since they are a bunch of fossil fuel corporations in a trench coat they are too busy genociding brown people. Since China is practically the only country in the world making and selling solar panels it is overproduction relative to them.
yeah basically