BEIJING—In a recent briefing to the media, the Chinese Foreign Ministry dismissed U.S. accusations of industrial overcapacity as a “man-made false narrative,” attributing the claims to American protectionism and anxiety over China’s development.
Yang Tao, Director-General of the Department of North American and Oceanian Affairs at the Foreign Ministry, addressed the issue during discussions surrounding U.S. Secretary of State Antony Blinken’s visit to China. “The so-called overcapacity claim is not a market-defined conclusion, but a man-made false narrative,” Yang stated. “It is another example of U.S. protectionism and suppression of China’s development.”
Emphasizing China’s position in the global market, Yang countered that the notion of “excess” lies not in China’s industrial capacity but in the United States’ apprehensions. “What’s ‘excess’ is not China’s capacity, but the U.S. anxiety,” he remarked.
The comments come amid ongoing tensions between the world’s two largest economies, with trade disputes and mutual concerns over economic policies. China’s response highlights its stance against what it perceives as U.S. attempts to hinder its growth through protectionist measures.
The issue of overcapacity, particularly in industries such as steel and aluminum, has been a point of contention, with the U.S. alleging that China’s surplus production distorts global markets. Beijing, however, asserts that its industrial policies are aligned with market demands and that claims of overcapacity are unfounded.
The diplomatic exchange underscores the complexities of U.S.-China relations, as both nations navigate economic competition and seek to address mutual concerns. Observers note that constructive dialogue is essential to mitigate tensions and promote stability in international markets.
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China says overcapacity is false narrative driven by U.S. anxiety
cgtn.com
