China has firmly rejected accusations from some Western countries regarding overcapacity in its new energy sector. Speaking at a regular press conference on Thursday, He Yadong, spokesperson for the Ministry of Commerce, labeled the claims as groundless.
“The issue of capacity should be assessed objectively, fairly, and scientifically within the context of economic globalization, global division of labor, and market dynamics,” He emphasized.
Addressing concerns specifically related to new energy, He argued that rather than facing overcapacity, the world is experiencing a shortage in this field. “The global demand for green, low-carbon, and environmentally friendly new energy is growing significantly as countries collectively tackle climate change,” he noted. “The potential for future development in new energy products is immense.”
He highlighted China’s contributions to this global effort, stating that the nation’s new energy industry has consistently provided affordable and high-quality production capacity, making significant strides in promoting global green development.
The spokesperson criticized certain Western countries and regions for what he described as a contradiction between advocating for green development and using overcapacity as a pretext for protectionism. “Such double standards not only hinder global green transformation and undermine confidence in international climate cooperation but also discourage enterprises from engaging in foreign trade and investment,” he stated.
He expressed hope that relevant countries would adopt an objective, rational, and comprehensive view of the global new energy market’s demands and China’s role within it. “We urge fair evaluation of the important role that China’s new energy products play in the global green transformation,” he said.
Concluding his remarks, He reiterated China’s commitment to adhering to market principles and strengthening communication and coordination with other nations. “China is willing to promote industrial cooperation, achieve mutual benefits and win-win results, and jointly advance global green development,” he affirmed.
Reference(s):
Chinese Commerce Ministry refutes Western 'overcapacity' accusation
cgtn.com
