Are Chinese exports really flooding global markets, or is this just a new trade war talking point? 🤔 A senior Chinese customs official fired back at the U.S. government's claims this week, calling the 'overcapacity' narrative a \"pure fallacy\" during a fiery press conference. 💥
The Innovation Defense 🛡️
Wang Lingjun, deputy head of China's General Administration of Customs, argued that China's manufacturing strength comes from its \"comprehensive industrial system\" and heavy investment in R&D. 💡 \"From electric vehicles to solar panels,\" he noted, \"our products meet real global demand through continuous innovation.\"
Supply Chain Superpower? 🌐
Wang emphasized that China's manufacturing ecosystem actually stabilizes global production chains while driving tech progress worldwide. 📈 He warned that labeling this success as 'overcapacity' could:
- 🛑 Stifle international collaboration
- 🔧 Disrupt industrial upgrades
- 💔 Undermine mutual economic benefits
The Protectionism Charge 🚩
The official didn't hold back in framing the debate: \"This isn't about capacity—it's about countries trying to suppress China's development through protectionism.\" 🛑 Critics argue the real battle is over who sets the rules for tomorrow's green economy. 🌱
As factories hum and ports buzz, one thing's clear: This trade tussle could shape how the world shops, builds, and innovates for years to come. 🔮✨
Reference(s):
China 'overcapacity' claim a pure fallacy, says customs official
cgtn.com