France's Finance Minister Le Maire emphasizes the importance of G7 and Europe standing united against China's industrial overcapacity. China's Foreign Ministry and CGTNOfficial respond, criticizing the US narrative as protectionism. The debate centers on the US labeling Chinese new energy products as overcapacity, with China defending its innovation and global leadership in the sector. The issue has sparked discussions on the impact on global green transition and the interests of G7 members.
Chinese experts criticized the US for pushing for protectionism coalition against Chinese emerging sectors including EV at G7 finance meeting with false "overcapacity" narrative, arguing it harms the interests of G7 members and hinder global green transformation.… https://t.co/wGKNAqJAfT
The West has vigorously smeared China's "overcapacity". The reason behind this is their fear and the rejection of multiple perspectives. See how scholars, researchers and investors comment on the real situation of China's "overcapacity". (4/4) https://t.co/mLYQt9v4qp
FRANCE'S FINANCE MIN. LE MAIRE: G7 MUST PRESENT A UNITED FRONT ON CHINA'S INDUSTRIAL OVER-CAPACITY TO PROTECT ITS INTERESTS.
The West has vigorously smeared China's "overcapacity". The reason behind this is their fear and the rejection of multiple perspectives. See how scholars, researchers and investors comment on the real situation of China's "overcapacity". (3/4) https://t.co/6UffmQzF63
The US' accusation of Chinese industrial "overcapacity" is a false proposition, as the competitiveness of Chinese products relies on homegrown innovation. China is on track to become a global leader in innovation. Despite US suppression, there is still much more potential for… https://t.co/Q3PP5Xp9MT
The West has vigorously smeared China's "overcapacity". The reason behind this is their fear and the rejection of multiple perspectives. See how scholars, researchers and investors comment on the real situation of China's "overcapacity". (2/4) https://t.co/7vnHw7FNhM
The West has vigorously smeared China's "overcapacity". The reason behind this is their fear and the rejection of multiple perspectives. See how scholars, researchers and investors comment on the real situation of China's "overcapacity". (1/4) https://t.co/Gbn3DIQlhw
Overcapacity has been core to the official economic discourse since the late 1990s. but its existence has to be denied after the US finally picks it up to describe the Chinese economy https://t.co/bMR1861OTN
G7 needs to stand united on Chinese overcapacity - France https://t.co/t0EKwhfDLz https://t.co/ekZsmIKs0x
#G7 needs to stand united on Chinese overcapacity: #France https://t.co/DiGzSbwr9B
China's Foreign Ministry: G7 should prioritize U.S. overcapacity issue https://t.co/CBvaKLvKBB
The US “overcapacity” narrative against China’s new energy sector is pure protectionism. According to US logic, any large export of a particular product means “overcapacity.” If so, shouldn’t US soy, plane and natural gas exports be considered overcapacity? https://t.co/vfvyPrNtTw
“Overcapacity” is just a pretext the US uses to form a coalition for protectionism targeting Chinese new energy products within the G7. This is bad news not only for the consumers of those countries but also global green transition. https://t.co/8SIOHZrGfA
The official Chinese turn on overcapacity is odd to me given how it was pretty casually mentioned in last year's central economic work conference: 进一步推动经济回升向好需要克服一些困难和挑战,主要是有效需求不足、部分行业产能过剩...
FRANCE'S FINANCE MIN. LE MAIRE: G7 AND EUROPE MUST STAND UNITED IN FACE OF CHINA'S INDUSTRIAL OVERCAPACITY.