China basically just admitted it's also concerned about solar panel overcapacity

• China just issued draft regulations to rein in solar cell production.
• This shows Beijing knows and is concerned about industrial overcapacity.
• China and the West have been mired in a trade dispute over overcapacity, which Beijing has pushed back on.

China and the West are in disagreement over claims that the East Asian giant is producing too much stuff and depressing global prices.

China has pushed back against this notion, saying the West is trying to contain its economic growth.