Hey Amigos! 🌟 Ever heard of a global showdown over \"overcapacity\"? Well, it's heating up between China and the U.S.! 🔥
Lin Jian, the spokesperson for China's Ministry of Foreign Affairs, didn't hold back on Friday. 🎤🚀 He called out the U.S. for using the term \"Chinese overcapacity\" as a fancy way to curb China's industrial growth. 😮📉 According to Lin, it's pure economic coercion and bullying. Ouch! 💔
So, what's the deal with this \"overcapacity\" buzzword? 🤔 Lin points out that it's not exactly new. The U.S. has slapped this label on China's high-quality, affordable products before. 🏷️🛍️ Now, they're aiming it at China's booming new energy exports. ⚡🚗
But here's the kicker: China's exports of new energy vehicles make up a smaller slice of their production pie than countries like Germany, Japan, and the Republic of Korea! 🍰🇩🇪🇯🇵🇰🇷 Sounds like someone might be trying to snag a competitive edge, huh? 🧐💼
Lin didn't mince words: using \"overcapacity\" as an excuse for trade protectionism won't fix any problems. 🚫🔧 Instead, it could shake up the global supply chain stability and stunt growth in emerging sectors. 🌐⚠️
His message to the U.S.? Drop the hegemonic mindset, play fair, and stick to international trade rules. 🕊️🤝 Let's create a world-class, market-oriented environment where everyone can thrive! 🌎💪
What do you think about this international economic drama? Spill your thoughts below! 💬👇
Reference(s):
MOFA: U.S. 'Chinese overcapacity' rhetoric purely economic coercion
cgtn.com
