China’s Foreign Ministry has dismissed recent accusations by the Group of Seven (G7) nations regarding its trade policies, firmly rejecting claims of implementing “non-market” practices.
On Monday, Foreign Ministry spokesperson Mao Ning addressed the issue during a regular press briefing, responding to the G7’s concerns about China’s alleged overcapacity and trade conduct. Mao emphasized that China’s economic success over the past four decades has been the result of comprehensive reforms and opening up, effectively combining market mechanisms with government roles.
“In fact, the discriminatory practices adopted by a few Western countries against specific countries and companies are truly non-market practices,” Mao stated, highlighting what she perceives as protectionist measures by some nations.
Mao argued that the G7’s focus on China’s so-called overcapacity is an attempt to impose restrictions on China’s new energy products. She asserted that such actions deviate from factual economic regulations and embody protectionism, which serves no party’s interests.
The spokesperson’s remarks underscore the ongoing tensions between China and the G7 nations over trade practices and market policies. China’s firm stance reflects its commitment to what it describes as fair and open economic development, while pushing back against what it sees as unjustified allegations.
Reference(s):
China refuses G7 accusation of 'non-market' trade policies, practices
cgtn.com
