The Chinese Ministry of Commerce has firmly rejected accusations from some Western countries claiming that China is experiencing \"overcapacity.\" According to He Yadong, a spokesperson for the ministry, these allegations are unfounded and do not take into account the broader context of economic globalization and the global division of labor.
He emphasized that in the realm of new energy, there isn't an overcapacity issue globally; in fact, there's a shortage. The push for green, low-carbon, and environmentally friendly energy solutions is a crucial strategy adopted worldwide to combat climate change. The increasing demand for new energy products highlights the vast potential for future development in this sector.
China's new energy industry has consistently provided affordable and high-quality production capacity, significantly contributing to global green development. He criticized some Western nations for using \"overcapacity\" as a guise for protectionism, pointing out that this stance undermines global green transformation efforts and erodes trust in international cooperation on climate initiatives.
The spokesperson called for an objective and comprehensive evaluation of China's role in the global new energy market. By adhering to market principles, China is committed to enhancing communication and industrial cooperation with other countries to achieve mutually beneficial and sustainable outcomes, thereby promoting global green development.
Reference(s):
Chinese Commerce Ministry refutes Western 'overcapacity' accusation
cgtn.com
