EconomyChina warns of countermeasures against trade protectionism under ‘overcapacity’ pretext
China’s Ministry of Commerce said it would take necessary measures if economies use “overcapacity” as a pretext for actions that harm Chinese interests. The warning followed a U.S. initiative that brought senior officials from 14 other economies together to sign a joint ministerial statement on structural excess capacity and production.
China warns of countermeasures against trade protectionism under ‘overcapacity’ pretext
