Recently, some countries have hyped up the so-called “overcapacity theory” of China, accusing China's new energy industry of relying on subsidies to export large amounts, and that excess capacity is impacting the international market. This misconception is contrary to common sense and facts; it is essentially a new tactic of “double standards” and trade protectionism. China's new energy industry has developed real skills in open competition, representing advanced production capacity, which has not only enriched global supply and relieved global inflationary pressure, but has also made great contributions to the global response to climate change and green transformation. (Ministry of Commerce)