China Condemns US&s Overcapacity Claim Ahead of Blinken's Visit

China has launched its harshest attack to date on US complaints about industrial overcapacity just as Secretary of State Antony Blinken is due to arrive for talks. A Chinese diplomat said at a recent briefing that US accusation contains “the malicious intention of curbing and suppressing China’s industrial development," according to the Foreign Ministry. John Liu reports on Bloomberg Television.
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[WongYoonChark]

US bases are globally over capacity, worst.

[swedgephd]

overcapacity translates to "we can't compete so plz stop"

[happymelon]

% of the cars produced are exported.
Germany: 75%
South Korea: 70%
Japan: 50%
China: 15%
U$ : China has overcapacity.

Cars per thousand people (from Wiki)
USA >900
Australia, France >700
Japan, Germany >600
Korea ~500
Malaysia, Brazil >400
Mexico, Russia >300
Thailand, Turkey ~270
--->> China ~238
U$ : China has overcapacity.

[ghtwghtw]

Can we address american overcapacity for war, army bases n genocide?

[happymelon]

😆We all knew..
Current world biggest overcapacity problem --> U$D
unlimited printing.

[davidwong]

Ask Blinken to explain the $61B n $8B aids to Ukraine and Taiwan!

[xgguo]

Just make 2 comparisions, to show the challenge:
1. what is US brand car market share in China, vs China brand car market share in US?
2. what is US brand smartphone market share in China, vs China brand smartphone market share in US?
What US talking about is not over-capacity but protection for weak capability of competition.

[NoOne-todo]

Recently ..all roads lead to Beijing .China isn't overcapacity, US and the rest are just too lazy .

[annieyip]

Thuggish regimes only understand muscles not diplomatic nice words.

[joem]

China did not receive US visitors for a while. They should have kept it that way.

[tayy]

World don't owe you a living for overcapacity 1.4 billions people

[SmallTownResident]

Overcapacity? So in other words, please stop being so productive so that we can continue dominating? 😆

[felipefrutoramirezsj]

There is no over capacity of Chinese goods. The world, especially the poor people, needs cheap and high quality goods from China. The G7 countries are just afraid that they cannot compete with China economically.

[bnatbox]

Google, YouTube and Microsoft Windows are overcapacity

[wowyzaoy]

I ain't no economist, nor a politician. what I do see is, Yankee politicians repeated visits to China, while Chinese ain't coming to America. Which begs the question - just exactly who is over capacitating whom?

[ArabicReja]

The future of Chinese 🇨🇳 electric cars in Europe is uncertain due to *overcapacity, * a kind word for dumping.
Most Chinese cars "exported" to Europe are still *parking at European ports without a buyer, * turning the ports into huge long-term parking lots, a similar scene to the Bike Share program in China.

[llkk]

Just in the past March, China's electric vehicle penetration rate exceeded 50%, and electric vehicle exports have increased significantly. China will continue to expand electric vehicle production capacity to meet market demand.~

[lastChang]

Chinese electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
- That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.

[garridecano]

West Philippines sea not south China sea

[chiaweinam]

The Chinese guy is a banana. Yellow on the outside but white on the inside.