April 25, 2024 08:41 GMT
MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom
MNI (BEIJING)
MNI (Beijing)
Western countries' accusations of China overcapacity are unreasonable and Beijing hopes the relevant countries can objectively consider the needs of the global new energy market, He Yadong, spokesperson for the Ministry of Commerce said Thursday.
“The issue of production capacity should reflect globalization and consider the global division of labor and the international market,” He added.
China will push back against making any major concessions in response to Western accusations of “overcapacity” in electric-vehicle and green sectors, instead relying on offers of deeper cooperation, which some – such as the EU – may be more open to, advisors have told MNI. (SEE: MNI: China Overcapacity Rejected, Cooperation Likely)
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