Business丨China not to blame for prices

China should not be blamed for offering cost-effective new energy technologies and products to the world amid rising accusations of so-called overcapacity concerns, industry experts said on Wednesday.▲A China-made electric vehicle on display during the CES 2024 in Las Vegas earlier this year. WU XIAOLING/XINHUAThey made the comments as United States Treasury Secretary Janet Yellen reportedly cautioned that China's overcapacity in electric vehicles, lithium-ion batteries and solar products will distort global prices."In conflating overcapacity and the broader issues of the EV market, Washington's narrative is way off the mark. It is the US market's high prices, not Chinese overcapacity, that hinder widespread EV adoption, given that Chinese EVs are completely excluded from the US currently," said Wang Xin, associate professor of China Studies and director of Asian Studies in the department of languages and cultures at Baylor University in the US.Wang said that last year, the EV share ………………………………