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The U.S. accuses China of overcapacity. Here's what they really mean


The petrodollar will depreciate like "a balloon when you untie it" if China's renewable energy boom leads to a drastic cut in fossil fuels, says American journalist and comedian Lee Camp. Even the New York Times reported that China's ability to provide low-cost green technology is "great news." The U.S. lags behind China in green energy, so it drums up China's "overcapacity." At the heart of it, it's the U.S. that seems to have an "overcapacity" of propaganda and lies.

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