The Zhitong Finance App learned that on September 3, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesman Huang Ling said that China has repeatedly expressed a clear attitude in response to arguments such as China's “trade imbalance” and “overcapacity.” As stated in the “China Position on the So-Called “Overcapacity” issue issued by the Chinese side earlier, the root causes of global economic imbalances are complex. Views linking global imbalances to “overcapacity” and simply attributing them are deliberately misleading and have ulterior motives. The Chinese side believes that using multilateral mechanisms such as the G20 to hype up arguments such as so-called “economic imbalance” and “overcapacity” is essentially to promote protectionism and make excuses for putting pressure and restrictions on China. China resolutely opposes this. This will only disrupt the global economic and trade order and damage the healthy development of the global economy. All countries should adhere to multilateralism, strengthen policy communication and coordination, expand open cooperation, jointly maintain a stable and smooth global production and supply chain, and promote mutual benefit and win-win situation.

The Zhitong Finance App learned that on September 3, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesman Huang Ling said that China has repeatedly expressed a clear attitude in response to arguments such as China's “trade imbalance” and “overcapacity.” As stated in the “China Position on the So-Called “Overcapacity” issue issued by the Chinese side earlier, the root causes of global economic imbalances are complex. Views linking global imbalances to “overcapacity” and simply attributing them are deliberately misleading and have ulterior motives. The Chinese side believes that the essence of using multilateral mechanisms such as the G20 to hype up arguments such as so-called “economic imbalance” and “overcapacity” is to promote protectionism and make excuses for putting pressure and restrictions on China. China resolutely opposes this. This will only disrupt the global economic and trade order and damage the healthy development of the global economy. All countries should adhere to multilateralism, strengthen policy communication and coordination, expand open cooperation, jointly maintain a stable and smooth global production and supply chain, and promote mutual benefit and win-win situation.