Recently, some US and Western politicians and media have frequently hyped up the “China overcapacity theory.” In response, Niu Huayong, dean of the School of International Business at Beijing Foreign Studies University, said in an interview with China News Network that under market economy conditions, supply and demand are competitive and matching relationships. If a free competition system for global production and trade works, the price mechanism will automatically regulate supply, clear the market, and there is no “excess” problem. Niu Huayong believes that commodity prices will eventually guide competition and form market equilibrium. In this process, the supply side will survive the fittest, and the results of competition will help the economies and societies of all countries. Text: Mo Hong'e Design: Li Yongli Idea: Meng Xiang Jun Gu Liping He pointed out that China's new energy industry has advantages in terms of technology production capacity, market size, application scenarios, and industrial chain integrity. Vigorously developing new energy can effectively reduce carbon emissions, reduce pollution, and maintain the Earth's ecological environment. He said that if the US and Western countries can carry out international cooperation with an open mind, it will help the social and economic development of all participants, and it is also the only correct way to promote a win-win situation for all participating countries. Niu Huayong stressed that any economic policy based on neighbors will ultimately in turn greatly limit its own development. (China News)