In recent times, some politicians and media in the United States have hyped up arguments such as China's new energy industry policy distorting the global market and overcapacity leading to unfair competition. Is China's new energy production capacity really "excess capacity"? Where does the competitiveness of China's new energy industry originate from? What is the real motivation behind the US's fabrication of China's "overcapacity theory" for new energy? In response to these public concerns, Xinhua News Agency launched the fifth large-scale all media interview program "China Economic Roundtable" on the 20th, inviting officials and experts from authoritative departments to speak on stage, and connecting with multiple overseas industry insiders to gain a multidimensional perspective on the truth behind China's "overcapacity theory" in new energy. Is excessive export equivalent to overcapacity? In recent years, the development of China's new energy industry has entered a fast lane, driving the accelerated growth of related product exports. Last year, the export value of China's new energy vehicles, lithium batteries, photovoltaic products and other "new three types" products exceeded the trillion yuan mark for the first time, increasing by nearly 30%. Many international figures have praised China's promotion of green and low-carbon transformation, but the United States has labeled China's new energy industry as "overcapacity", promoting and spreading the argument that "more exports means overcapacity". "Overcapacity refers to the total production capacity of an industry far exceeding market demand." Huo Fupeng, Deputy Director of the Industry Department of the National Development and Reform Commission, pointed out in an interview with the "China Economic Roundtable" that in the context of economic globalization, discussing capacity should be comprehensively observed from three perspectives: supply and demand, global market, and future development. From the perspective of supply and demand, an appropriate excess of production over demand is conducive to market competition, the survival of the fittest of enterprises, and thus achieving a dynamic balance. From the perspective of the global market, limiting the supply-demand balance within a single country and equating the export advantage products of each country with "overcapacity" essentially determines the objectivity of comparative advantage, the rationality of international division of labor, and the regularity of economic globalization. From the perspective of future development, the global economy is currently facing a green transformation, and there is still a significant demand for technologically advanced green production capacity. The development and growth of China's green industries such as new energy vehicles, wind power, and photovoltaics are precisely in response to the needs of global green and low-carbon transformation. Officials and experts attending the "China Economic Roundtable" believe that the view that more exports means "overcapacity" is completely untenable. "Equating China's exports of new energy products with 'overcapacity' is both contrary to common sense and objective facts." Ding Weishun, Deputy Director of the Political Research Office of the Ministry of Commerce, said that on the one hand, the emergence and development of international trade is based on the comparative advantages of different industries for international division of labor and cooperation; On the other hand, the issues of supply and demand need to be viewed from a global perspective, not just from one country. Ding Weishun listed a set of data: developed countries such as the United States, Europe, and Japan have long exported a large number of products to the world. About 80% of chips produced in the United States are used for export, while nearly 80% and about 50% of cars produced in Germany and Japan are used for export. A large number of passenger planes produced by Boeing and Airbus are also used for export. As for China, the proportion of new energy vehicle exports to total production in 2023 is only about 12.7%. The mainstream Swiss media, The New Zurich newspaper, recently published a commentary article saying, "What is overcapacity?"