The Ministry of Commerce issued “China's Position on the So-Called “Overcapacity” Issue on July 28, clarifying the relevant facts and clarifying China's policy position on issues related to so-called “overcapacity.” In addition to the foreword and conclusion, the document consists of four chapters, which comprehensively and objectively view global production capacity and so-called “overcapacity”, views and positions on the four pairs of relationships related to “overcapacity,” China insists on building a modern industrial system through open cooperation, and jointly promoting the construction of an open and inclusive pattern of global production and supply chain cooperation. According to the document, the Chinese side has always believed that when looking at production capacity issues, we must adhere to a comprehensive, objective and impartial attitude, look not only historically but also dialectically, uphold open cooperation, mutual benefit and win-win situation, and jointly resolve conflicts and differences. Engaging in protectionism only disrupts the global economic and trade order, is not conducive to the safe and stable development of global production and supply chains and the healthy and orderly development of industrial cooperation, and poses a long-term risk to world economic growth.

The Ministry of Commerce issued “China's Position on the So-Called “Overcapacity” Issue on July 28, clarifying the relevant facts and clarifying China's policy position on issues related to so-called “overcapacity.” In addition to the foreword and conclusion, the document consists of four chapters, which comprehensively and objectively view global production capacity and so-called “overcapacity”, views and positions on the four pairs of relationships related to “overcapacity,” China insists on building a modern industrial system through open cooperation, and jointly promoting the construction of an open and inclusive pattern of global production and supply chain cooperation. According to the document, the Chinese side has always believed that when looking at production capacity issues, we must adhere to a comprehensive, objective and impartial attitude, look not only historically but also dialectically, uphold open cooperation, mutual benefit and win-win situation, and jointly resolve conflicts and differences. Engaging in protectionism only disrupts the global economic and trade order, is not conducive to the safe and stable development of global production and supply chains and the healthy and orderly development of industrial cooperation, and poses a long-term risk to world economic growth.