A spokesman for the Ministry of Commerce answered questions from reporters about the US summoning some economies to issue a joint ministerial statement to deal with the so-called “structural capacity and overproduction.” Q: On October 7, EST, the Office of the United States Trade Representative issued an announcement stating that the United States recently convened a meeting with senior officials from 14 economies to jointly sign and issue a joint ministerial statement on dealing with the so-called “structural capacity and overproduction.” What comments does the Ministry of Commerce have on this? A: We have taken note of the situation. The Chinese side has stated its views on the so-called “overcapacity” issue many times on various occasions, and issued a special position paper on the issue in July of this year. China has always believed that it is necessary to maintain a comprehensive, objective and impartial attitude when looking at production capacity issues, and that economic and trade issues should not be politicized out of concerns about the competitiveness and market position of its own industry. China opposes trade protectionism in the name of so-called “overcapacity” by individual countries. This will only disrupt the global economic and trade order and stability of the production and supply chain, and pose a long-term risk to world economic growth. If the economies concerned use this as an excuse in the future to take measures that harm China's interests, China will respond as necessary. China insists on building a modern industrial system through open cooperation and supports the establishment of a fair and reasonable international economic order. China calls on all parties concerned to adhere to multilateralism, promote mutual benefit and win-win results, respect market laws, and jointly maintain an open and inclusive pattern of global production and supply chain cooperation.

A spokesman for the Ministry of Commerce answered questions from reporters about the US summoning some economies to issue a joint ministerial statement to deal with the so-called “structural capacity and overproduction.” Q: On October 7, EST, the Office of the United States Trade Representative issued an announcement stating that the United States recently convened a meeting with senior officials from 14 economies to jointly sign and issue a joint ministerial statement on dealing with the so-called “structural capacity and overproduction.” What comments does the Ministry of Commerce have on this? A: We have taken note of the situation. The Chinese side has stated its views on the so-called “overcapacity” issue many times on various occasions, and issued a special position paper on the issue in July of this year. China has always believed that it is necessary to maintain a comprehensive, objective and impartial attitude when looking at production capacity issues, and that economic and trade issues should not be politicized out of concerns about the competitiveness and market position of its own industry. China opposes trade protectionism in the name of so-called “overcapacity” by individual countries. This will only disrupt the global economic and trade order and stability of the production and supply chain, and pose a long-term risk to world economic growth. If the economies concerned use this as an excuse in the future to take measures that harm China's interests, China will respond as necessary. China insists on building a modern industrial system through open cooperation and supports the establishment of a fair and reasonable international economic order. China calls on all parties concerned to adhere to multilateralism, promote mutual benefit and win-win results, respect market laws, and jointly maintain an open and inclusive pattern of global production and supply chain cooperation.