China Rejects Trade Criticisms at WTO Review
At a key WTO meeting on Friday, China firmly dismissed claims of 'overcapacity' and 'economic coercion' raised by some members, calling the allegations 'misguided.' The delegation emphasized that Chinese industries thrive on market competition, not government subsidies, and highlighted the global importance of its green energy products in combating climate change.
Green Tech: A Global Asset, Not a Threat
China argued that its affordable solar panels, electric vehicles, and wind turbines are vital for decarbonizing global economies. 'There’s no overcapacity here—just high demand,' officials said, pointing to the urgent need for clean energy solutions worldwide.
Party Reforms & Openness in Focus
Beijing also spotlighted recent CPC reforms aimed at 'Chinese modernization,' pledging expanded market access and partnerships with developing nations. Over 70 WTO members, including many Global South countries, praised China’s trade policies and role in stabilizing the multilateral trading system.
What’s Next?
While tensions over industrial policies and subsidies remain, China vowed transparency on issues like data flow and intellectual property. The debate underscores the tricky balance between national growth strategies and global trade rules.
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China responds to WTO members' concerns, refutes 'overcapacity' claims
cgtn.com