At a recent event hosted by the Asia Society, Singapore’s former Minister of Foreign Affairs, George Yeo, offered insights into China’s growing influence in the field of new energy. He addressed Western criticism regarding China’s alleged “overcapacity,” suggesting that these remarks stem from China’s robust competitiveness in new energy sectors.
“China’s strong competitiveness in new energy is the real reason behind the West’s comments on ‘overcapacity’,” Yeo stated. He attributed China’s success to its vast market size and the diligence of its people. “In the end, China’s competitiveness comes from the country’s huge market and hard-working people,” he emphasized.
Yeo’s comments shed light on China’s rapid advancements in new energy technologies, which have positioned the country as a global leader in this domain. As China continues to invest heavily in renewable energy and sustainable technologies, its influence in the global energy landscape is expanding.
The former minister’s observations highlight the dynamics of global competitiveness and the perceptions that accompany a nation’s rise in a critical industry. His remarks invite a closer examination of how market size and workforce dedication contribute to a country’s competitive edge.
Reference(s):
cgtn.com
