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China丨'Overcapacity' claims denied by regulator

CHINADAILY  · 公众号  · 时评  · 2024-05-04 11:00
Efforts by certain countries to adopt the pretext of "overcapacity" to implement trade protectionism pose a significant threat to global trade and economic growth, according to China's top economic regulator.▲An employee works on a photovoltaic production line at a tech company in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILYIn an article published on its official WeChat account on Friday, the National Development and Reform Commission said that China's exports of electric vehicles, lithium batteries, photovoltaic products and other items enrich the global supply chain and alleviate global inflationary pressure, making notable contributions to efforts worldwide in addressing climate change and promoting green transition.For some time now, officials and media in some countries have been accusing China of "overcapacity" related to its new energy products, laying the groundwork for unilateralism and the enforcement of protectionist policies, said the article.However, when exam ………………………………

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