The Ministry of Commerce issued the document “China's Position on the So-Called “Overcapacity” issue on the 28th. The document points out that China never deliberately pursues a trade surplus. China's export growth stems not only from economies of scale and increased innovation capacity, but also from countries' demand for green transformation and industrialization. For example, China's export growth to Europe is mainly concentrated on photovoltaics, new energy vehicles, lithium batteries, and chemical products, etc., which further reflects the demand for energy products driven by the green transformation, and the energy crisis that has raised production costs in European chemical and other industries. China has also never deliberately sought export shares for labor-intensive products. The share of exports of related products fell from 20.7% in 2012 to 15.1% in 2025. Looking at the distribution of trade benefits, “the surplus is in China, the interests are on all sides”. In 2025, foreign-funded enterprises will account for 27% of China's exports and 16% of the surplus, and surpluses and profits will grow faster than local companies. Looking at the overall balance of payments, although China has a large surplus in trade in goods, both trade in services and investment income have deficits. Overall, the current account surplus accounts for about 3.7% of GDP, which is within an internationally recognized reasonable range.

The Ministry of Commerce issued the document “China's Position on the So-Called “Overcapacity” issue on the 28th. The document points out that China never deliberately pursues a trade surplus. China's export growth stems not only from economies of scale and increased innovation capacity, but also from countries' demand for green transformation and industrialization. For example, China's export growth to Europe is mainly concentrated on photovoltaics, new energy vehicles, lithium batteries, and chemical products, etc., which further reflects the demand for energy products driven by the green transformation, and the energy crisis that has raised production costs in European chemical and other industries. China has also never deliberately sought export shares for labor-intensive products. The share of exports of related products fell from 20.7% in 2012 to 15.1% in 2025. Looking at the distribution of trade benefits, “the surplus is in China, the interests are on all sides”. In 2025, foreign-funded enterprises will account for 27% of China's exports and 16% of the surplus, and surpluses and profits will grow faster than local companies. Looking at the overall balance of payments, although China has a large surplus in trade in goods, both trade in services and investment income have deficits. Overall, the current account surplus accounts for about 3.7% of GDP, which is within an internationally recognized reasonable range.