The U.S. "overcapacity" narrative against China is another manifestation of its attempt to suppress China's development, said an official with the Ministry of Foreign Affairs on Friday, adding that the "excess" lies in U.S. anxiety rather than China's production.
The so-called "Chinese overcapacity" claim is a false narrative fabricated by the United States, said Yang Tao, director-general of the ministry's Department of North American and Oceanian Affairs, at a press conference in Beijing on Friday.
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The U.S. "overcapacity" narrative against China is another manifestation of its attempt to suppress China's development, said an official with the Ministry of Foreign Affairs on Friday, adding that the "excess" lies in U.S. anxiety rather than China's production.
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
Yang criticized the United States for engaging in unfair competition, citing the CHIPS and Science Act.
"When it comes to non-market practices and unfair competition, people can have a look at the CHIPS and Science Act introduced by the United States two years ago. It not only involves explicit subsidies but also contains exclusive and discriminatory provisions. Can this be considered market behavior? Moreover, the United States has imposed illegal sanctions on over 1,500 Chinese entities and individuals using various pretexts. Is this fair competition?" said Yang.
Yang further emphasized that China's advantages in sectors such as new energy vehicles, lithium batteries, and photovoltaic products, are not the outcome of subsidies but technological innovation.
"China's advantages in sectors such as new energy vehicles, lithium batteries, and photovoltaic products are not a result of government subsidies, but rather the outcome of global market demand, technological innovation, and full competition. High-quality new energy products from China have made significant contributions to helping various countries accelerate green transition, address climate change, and alleviate inflationary pressures. The U.S. claim of 'overcapacity' is not a conclusion based on market definition, but a false narrative fabricated by the United States. It is another manifestation of the U.S. protectionism and its intention to suppress China's development. Therefore, just as someone said, perhaps it is not China's production capacity that is excessive, but rather the anxiety of the United States," said Yang.
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
"Overcapacity" claim manifests US attempt to suppress China's development: official
