🌍 China Claps Back at U.S. Over Green Tech 'Overcapacity' Claims
In a fiery exchange that feels straight out of a superhero showdown, China's Foreign Ministry spokesperson Wang Wenbin dismissed U.S. allegations of \"overcapacity\" in China's new energy industry. During a regular press briefing in Beijing on Wednesday, Wang didn't hold back, calling the U.S. speculation \"completely deviating from objective facts and economic laws\" and labeling it as outright protectionism.
🗣️ The drama unfolded after U.S. Treasury Secretary Janet Yellen announced that Chinese overproduction of green technologies would be a hot topic at the upcoming G7 finance ministers meeting. But Wang flipped the script, questioning the U.S.'s own export practices. \"According to the logic of the U.S., any excessive export of goods constitutes 'overcapacity'. Wouldn't the United States' significant exports of soybeans, aircraft, and natural gas also be considered excess capacity? Shouldn't the G7 Finance Ministers' meeting first address these excess capacities of the United States?\" he fired back.
💡 Wang highlighted that China's booming new energy sector isn't a case of surplus but a driving force for the global green transition. \"China's new energy production capacity represents advanced capabilities essential for driving the global economy's green transition, not surplus capacity,\" he asserted.
He emphasized that China's advancements are the result of \"long-term technological accumulation and open competition,\" aligning perfectly with market economy principles and fair competition. 🏆
🔒 Wang accused the U.S. of using the \"overcapacity\" argument to rally G7 members into forming a \"protectionist alliance\" against China's new energy products. Such moves, he warned, not only harm consumers worldwide but also throw a wrench in the global efforts toward a greener future. 🌱
He didn't mince words: \"Resolving the climate crisis cannot be achieved through protectionism alone. The U.S. cannot advocate for climate action on one hand while wielding the protectionist stick to impede China's green products from benefiting the world.\"
🤝 Wang called for all countries to embrace openness and cooperation. \"China hopes that all countries will adhere to openness and cooperation, reject protectionism, strive for win-win outcomes, and avoid 'lose-lose' situations,\" he concluded.
As the global community watches this economic tug-of-war, one thing's clear: the race towards a sustainable future is heating up, and cooperation might just be the key to leveling up. 🎮🌐
Reference(s):
China's Foreign Ministry: G7 should prioritize U.S. overcapacity issue
cgtn.com
