The Chinese Foreign Ministry has firmly rejected the Group of Seven's (G7) recent accusations of implementing \"non-market\" trade policies and practices.
During a regular press briefing on Monday, Ministry spokesperson Mao Ning addressed questions regarding the G7's focus on alleged Chinese overcapacity issues. Mao emphasized that China's economic achievements over the past four decades are a result of reform and opening up, highlighting the effective synergy between market mechanisms and government intervention.
\"In fact, the discriminatory practices adopted by a few Western countries against specific countries and companies are truly non-market practices,\" Mao stated.
She further criticized the G7 for allegedly exaggerating concerns over China's overcapacity in an attempt to restrict China's new energy products. Mao argued that such actions are detached from factual economic conditions and infringe upon established economic regulations, labeling them as protectionist measures that do not benefit any party involved.
Reference(s):
China refuses G7 accusation of 'non-market' trade policies, practices
cgtn.com
