[Correspondent’s column] The real reason the US is worried about Chinese ‘overcapacity’“The ruckus about overcapacity? It seems like a sign that China’s doing well for itself.” So said a Chinese official I encountered while I was covering the recent criticisms of China’s overcapacity put forward by the US and EU. While the US and EU are forming a chorus to condemn China’s overcapacity in the electric vehicle, battery and solar industries for hurting the global economy, Chinese authorities and media are tackling such criticism very well — in fact, they feel more relaxed and confident than anxious. During a recent trip to France, Chinese President Xi Jinping denied the “‘so-called’ problem of China’s overcapacity.” Where is such confidence coming from?