THE latest campaign of the United States against China is the charge that China has excess capacity in a range of manufactured goods and so should restrain its exports. The truth is simpler. China and other countries of East Asia are the world's low-cost producers of a range of high-quality industrial products that the world urgently needs: solar modules, electric vehicles, wind turbines, efficient batteries, 5G and more.

Since the US lags behind China in these sectors, the US is badmouthing China, characterizing China's success as some kind of alleged bad behavior.