China-US Relationship: China Pushes Back Against US Accusations of Overcapacity

China sharply criticizes US overcapacity accusation, calling it economic coercion and bullying

China has strongly condemned the US’ accusation of overcapacity in China, labeling it as a disguise for economic coercion and bullying. Chinese officials have urged the US to be cautious in their actions and refrain from imposing additional tariffs.

The latest comments from Chinese officials come amidst escalating tensions between the two countries over trade issues. Chinese leaders have emphasized the importance of global cooperation and dialogue to address challenges such as production capacity.

President Xi Jinping and Premier Li Qiang have both commented on the issue, stressing the need for a market-oriented and fair approach. They have highlighted China’s achievements in the new-energy industry through self-improvement and market competition, rather than government subsidies.

However, as US officials continue to push the overcapacity claims and threaten additional tariffs on Chinese goods, Chinese officials have ramped up their response. They have criticized the US for attempting to curb China’s industrial development and suppress its market advantage.

The escalating tensions have raised concerns among experts about the impact on global economic and trade cooperation. Economists have criticized the US’ accusations of overcapacity as being in defiance of economic laws and potentially harmful to the world economy.

Overall, China’s strong pushback against the US’ overcapacity accusations reflects its commitment to upholding market laws and safeguarding global economic stability. The ongoing dispute between the two countries highlights the challenges of balancing economic interests with international cooperation.