The Chinese Foreign Ministry has sharply criticized the United States for its use of the \"Chinese overcapacity\" rhetoric, labeling it as a form of economic coercion aimed at suppressing China's industrial growth.
During a regular press briefing, Foreign Ministry spokesperson Lin Jian responded to the U.S.' continued emphasis on this narrative. Lin stated that the notion of \"overcapacity\" is not a novel concept and highlighted that the U.S. previously targeted China's high-quality, low-priced exports with the same label. Recently, the U.S. has extended this criticism to China's new energy product exports.
Lin pointed out that China's exports of new energy vehicles constitute a smaller share of production compared to leading countries like Germany, Japan, and the Republic of Korea. He argued that the U.S. rhetoric is less about genuine economic concerns and more about gaining a competitive edge and market advantage.
The spokesperson emphasized that using \"overcapacity\" as a pretext for trade protectionism is counterproductive. It not only fails to address the U.S.' own economic challenges but also threatens the stability of global industrial and supply chains, potentially hindering the growth of emerging sectors.
Lin called on the United States to abandon its hegemonic mindset, adopt fair competition practices, and adhere to international economic and trade regulations. He urged the U.S. to foster a world-class, market-oriented, and law-based environment to enhance trade and economic cooperation.
Reference(s):
MOFA: U.S. 'Chinese overcapacity' rhetoric purely economic coercion
cgtn.com
