In a recent press conference, Wang Lingjun, deputy head of the General Administration of Customs, refuted allegations of overcapacity in China's exports, labeling them as baseless.
Wang emphasized that China’s manufacturing sector remains strong, driven by a comprehensive and continuously upgraded industrial system. He highlighted the country's sustained investment in research and development and innovation as key factors contributing to its global market popularity.
The official asserted that China's complete manufacturing supply chain not only ensures stability in global production but also drives technological advancement and industrial upgrading worldwide. This robust infrastructure, according to Wang, is a testament to China's role as a pivotal player in the global economy.
Addressing the U.S. government's claims, Wang criticized such statements as attempts to suppress and hinder China's development. He described these claims as a form of protectionism that undermines global industrial cooperation and supply chain stability.
Wang concluded by advocating for open cooperation and mutual benefit as the correct path for global economic development, emphasizing that protectionist measures do more harm than good in an interconnected world.
Reference(s):
China 'overcapacity' claim a pure fallacy, says customs official
cgtn.com
