China's Foreign Ministry has sharply criticized the United States for labeling its burgeoning new energy industry as \"overcapacity.\" Spokesperson Wang Wenbin dismissed the U.S. allegations as a form of protectionism, emphasizing that China's advancements in green technologies are vital for the global economy's sustainable transition.
During a regular press conference in Beijing, Wang challenged the logic behind the U.S. stance. \"Any excessive export of goods constitutes 'overcapacity,'\" he asked, pointing out that the United States itself is a significant exporter of soybeans, aircraft, and natural gas. He urged the upcoming G7 finance ministers' meeting to address the overcapacity issues within the United States first.
Wang defended China's new energy production, highlighting that it is the result of long-term technological innovation and open competition among enterprises. \"Our industry is driven by market economy principles and fair competition, not by industrial subsidies,\" he stated.
The spokesperson further accused the U.S. of coercing G7 members to impose restrictions on China's green products, aiming to create a \"protectionist alliance.\" He warned that such actions are against the trend of global openness and cooperation, potentially harming consumers and delaying the world's green transformation.
Wang concluded by stressing the importance of collective efforts to combat the climate crisis. He called for all countries to reject protectionism and pursue win-win outcomes to ensure a sustainable future for the globe.
Reference(s):
China's Foreign Ministry: G7 should prioritize U.S. overcapacity issue
cgtn.com
