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China To Strengthen Communication On Overcapacity

CHINA PRESS
MNI (Singapore)

China wants to strengthen coordination with all parties over concerns of overcapacity and it will continue to communicate on this with the U.S. at the working group level, said Vice Finance Minister Liao Min on Monday during a media briefing on U.S. Treasury Secretary Yellen’s visit to China. The current production capacities of new energy cars and photovoltaic cells are far from meeting market demand, especially in many developing countries, said Liao. Trade protectionist measures will not help solve the production capacity problem, Liao emphasised. (Source: Ministry of Finance Website)

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