Justin Lin Yifu, a former World Bank economist, criticizes Western 'overcapacity' claims regarding China. He advises advanced economies to adopt Eastern wisdom rather than resorting to protectionist measures amid increasing hi-tech competition.

The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical...