No overcapacity here! 😎 On Monday, Wang Lingjun, the deputy head of the General Administration of Customs of China, called out the so-called \"overcapacity\" in China's exports as pure fallacy.
When addressing questions about recent claims from the U.S. government, Wang didn't hold back. \"There's no such thing as overcapacity in China,\" he said, emphasizing that this holds true whether you're looking at it from a comparative advantage or global market demand perspective.
China's got the goods! 🛍️ Wang highlighted that Chinese manufacturing is a hit worldwide, thanks to a comprehensive and ever-evolving industrial system. Plus, with continuous investment in research, development, and innovation, it's no wonder China's products are in high demand. 🚀
He pointed out that China's complete manufacturing supply chain isn't just about making stuff—it's about keeping global production stable and driving technological advances and industrial upgrades everywhere. Talk about a win-win! 🌍🤝
Protectionism? Not cool. 😤 Wang didn't mince words about repeated claims from \"some countries\" (we see you 👀). He sees these claims as attempts to suppress China's development—a move that seriously messes with global industrial cooperation and supply chain stability.
His message? It's time to embrace open cooperation and mutual benefits. That's the right path for global economic growth! ✨🌐
Reference(s):
China 'overcapacity' claim a pure fallacy, says customs official
cgtn.com
