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freemultistrikepoker| Ministry of Foreign Affairs: The so-called "overcapacity" by the United States is actually curbing and suppressing China's industrial development

Economics 2024年04月20日 01:02 44 editor

Transferred from: Xinhua News Agency

Xinhua News Agency, Beijing, 19 Apr (Reporter Cao Jiayue) in response to the recent US continuous hype on the so-called topic of China's "overcapacity," Foreign Ministry spokesman Lin Jian pointed out at a regular press conference on 19 April: the evil intention behind the US so-called "China's overcapacity theory" is to contain and suppress the development of China's industry. China urges the United States to abandon its hegemonic thinking and adhere to fair competition.

Lin Jian said that the so-called "theory of overcapacity in China" is not a "new concept." At that time, the United States called China's export of a large number of quality and inexpensive products to the world as "overcapacity", but now it has labeled China's export of new energy products to the world as "overcapacity." "according to this logic, 80% of US chips, especially high-end chips, are exported, and pork and agricultural products are also exported in large quantities. Can this also be called 'overcapacity'?"

Lin Jian pointed out that, in fact, China's exports of new energy vehicles account for a far lower proportion of production than countries such as Germany, Japan and South Korea, not to mention "surplus" dumping overseas. The so-called "theory of excess capacity in China" put forward by the US side seems to be an economic concept, and what is hidden behind it is the evil intention of curbing and suppressing the development of China's industry, aiming to seek a more favorable competitive position and market advantage for the country. it is naked economic coercion and bullying.

Lin Jian said: in the current era, both supply and demand are global, and the production capacity of different countries is determined by their own comparative advantages, and must be viewed objectively, dialectically and rationally from the economic law. The advantage of China's new energy industry is obtained by real ability, and it is molded through continuous scientific and technological innovation and full market competition.

freemultistrikepoker| Ministry of Foreign Affairs: The so-called "overcapacity" by the United States is actually curbing and suppressing China's industrial development

"prescribing medicine to others cannot cure one's own diseases, and taking trade protection measures under the pretext of 'overcapacity' will not solve one's own problems, but will damage the stability of the global production and supply chain, damage the growth and development of emerging industries, and undermine the joint efforts of the international community to deal with climate change and green transformation and development."FreemultistrikepokerHe said.

Lin Jian said: the Chinese side urges the United States to abandon hegemonic thinking, uphold an open mind, adhere to fair competition, earnestly abide by the principles of market economy and international economic and trade rules, and create a truly international, market-oriented and legalized environment for economic and trade cooperation. together with the international community, we will promote economic globalization to be more inclusive and inclusive.

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