News & Insights Across Asia
A Chinese customs official has refuted claims of ‘overcapacity’ in China’s exports, calling them a ‘pure fallacy’ and a form of protectionism that undermines global industrial cooperation.
China refutes U.S. Treasury Secretary Janet Yellen’s claims of overcapacity in its new energy sector, stating that capacity levels are normal and advantages stem from market competition, not subsidies.
China’s Foreign Ministry dismisses U.S. claims of industrial overcapacity as a ‘false narrative’, attributing them to American protectionism and anxiety over China’s development.