At a press conference on Wednesday, China’s National Development and Reform Commission (NDRC) addressed concerns regarding the country’s high export volumes, asserting that increased exports do not equate to industrial overcapacity.
Jin Xiandong, an official at the NDRC, emphasized that in a market economy, fluctuations between supply and demand are common and can foster competition. “Supply-demand imbalances are common and can in fact be conducive to competition,” Jin stated.
The remarks were made in response to suggestions that China’s substantial export figures may reflect an overextension of its production capabilities. Jin underscored that such imbalances are a natural part of market economies and contribute to economic dynamism.
By highlighting these dynamics, the NDRC aims to reassure both domestic and international stakeholders that China’s export growth is aligned with market principles and does not stem from inefficient overproduction.
The agency’s stance reflects China’s ongoing commitment to maintaining a balanced and competitive economy, leveraging market mechanisms to drive sustainable growth.
Reference(s):
China's top economic planner: High export volume is not overcapacity
cgtn.com
