China's Ministry of Commerce on Tuesday released a document to clarify relevant facts and elaborate on China's policy stance on the so-called "excess capacity" issue.
Titled "China's Position on the So-called Excess Capacity Issue," the document notes that some countries, driven by concerns over their own industrial competitiveness and market positions, have sought to politicize economic and trade issues and hyped up the so-called "excess capacity" issue in China.
Some have even deliberately conflated concepts by linking industrial subsidies, trade surpluses, economic imbalances and market competition with this so-called "excess capacity" accusation, according to the document.
It stresses that industrial subsidies do not necessarily lead to excess capacity, and that large exports or trade surpluses do not equate to excess capacity.
It also noted that global economic imbalances are a historical norm with complex roots, and that market competition serves as an important mechanism for optimizing and adjusting capacity.
The document also outlined China's policy practices and future directions in building a modern industrial system through openness and cooperation, and called on the international community to shoulder shared responsibilities, work in the same direction, strengthen industrial policy coordination, expand market openness, and jointly create opportunities for cooperation.
It also said that the rapid development of China's modern industries is driven by innovation and the stable and healthy operation of Chinese industries relies on the continuous deepening of reforms.
China releases document to clarify so-called "excess capacity" issue
China releases document to clarify so-called "excess capacity" issue
China is welcoming an influx of international travelers this summer, drawn by its rich cultural offerings and streamlined customs clearance policies, as the country braces for peak tourist season.
Since the start of summer vacation, scenic spots across Guizhou Province, southwest China, have rolled out premium itineraries that are drawing large numbers of international tourists.
Attractions such as the Wumeng Grasslands, Yeyuhai, and Shuicheng Ancient Town in Guizhou have become popular destinations for international tourists during the summer season, offering leisure and cultural experiences.
"I chose this place for my summer vacation because it's not very hot. The weather is very cool and comfortable," said Max Slonim, a U.S. tourist.
In Shanghai, many foreign tourists visited the Yu Garden to explore classical garden architecture, sample local street food, and experience traditional Chinese culture.
Xiaolongbao (steamed buns), lotus root pastries, and Chinese teas have become must-try delicacies for them.
The Sinan Mansions complex hosts a signature farm market alongside performance stages, themed art exhibitions, and a summer greenhouse. Meanwhile, the Museum of Art Pudong has launched several artists' debut exhibitions in China, drawing art enthusiasts from around the world who make special trips to Shanghai.
"You can find something new and fresh in Shanghai as well and the museum here is very well," said a French tourist.
From traditional souvenirs like silk and tea to smart devices and tech products, with the promotion of tax-free shopping for outbound travelers and more convenient payment methods, an increasing number of foreign tourists are experiencing the convenience of shopping in China.
In the first half of this year, Beijing Customs processed over 110,000 tax refund applications for departing travelers, with the total value of refunded goods exceeding 900 million yuan (about 132.9 million U.S. dollars), up 567.7 percent and 49.67 percent year on year, respectively.
"We can also put the cards on your phone. So, it's easy and you don't have to worry about any extra change or anything. So, it's very straightforward," said Kimaya Nguyen, an overseas tourist.
In north China's Inner Mongolia Autonomous Region, international flights from Thailand, Malaysia, and other countries have been arriving one after another in recent days, with the number of overseas summer vacationers steadily increasing.
At Ordos Ejin Horo International Airport, inbound tourists are able to complete customs clearance quickly by submitting declarations online in advance.
With the extension of the China-Russia mutual visa-free arrangement, cross-border tourism continues to surge.
Inner Mongolia's Manzhouli Customs has implemented convenient measures such as appointment-based clearance and expedited inspections for group travelers, including study tours and one-day tour groups, to ensure smooth border clearance.
In the first half of this year, 341,400 passengers crossed the border via the Manzhouli land port, up 64.44 percent year on year.
China's cultural charm, scenic spots draw int'l tourists
