China’s Foreign Ministry has slammed U.S. accusations of \"Chinese overcapacity\" as a thinly veiled attempt to stifle global competition and bully emerging industries. 🏭⚡ Spokesperson Lin Jian called the narrative \"purely economic coercion\" during a press briefing Friday, accusing Washington of seeking \"a more favorable competitive position\" under the guise of trade fairness.
The U.S. has ramped up rhetoric around China’s new energy exports, from solar panels to electric vehicles, claiming they distort global markets. But Lin countered that China’s new energy vehicle exports account for a smaller share of production compared to Germany, Japan, and the Republic of Korea. 📉 \"This isn’t about economics—it’s about dominance,\" he argued.
Lin warned that U.S. trade barriers could backfire, destabilizing global supply chains and slowing green innovation. 🌱🔗 He urged the U.S. to \"abandon its hegemonic mindset\" and embrace fair competition, adding: \"Protectionism won’t fix America’s problems—it’ll only hurt the planet.\"
The clash highlights escalating tensions as China solidifies its role in renewable tech. Will the U.S. pivot to collaboration… or double down on coercion? 🤔💼
Reference(s):
MOFA: U.S. 'Chinese overcapacity' rhetoric purely economic coercion
cgtn.com