U.S. Theory of “China’s Excess Industrial Capacity” Brushed Off
Date: 15/05/2024 | Source: Ministry of Foreign Affairs (EN) | Read original version at source
Recently, a spokesperson for Chinese Foreign Ministry brushed off the concern expressed by the U.S. State Secretary Blinken over the impact of “China’s excess industrial capacity” on the global economy.
On the surface, the so-called “China’s excess industrial capacity” fabricated by the U.S. looks like an economic issue but this, in essence, is an absurd one, the spokesperson said and continued as follows:
Every country can produce and export products which has relative advantages at home, and this is the substance of the international trade.
What can be traded between the countries if one forces the other to decrease productive capacity with an excuse of excess industrial capacity as its production is in excess of demand?
The U.S. knows too well about common economic knowledge as well as the reality of industrial development. However, it is trying to attach a label of “excess industrial capacity” on China.
This illustrates that the so-called “excess industrial capacity” argued by the U.S. is not a conclusion drawn from what the market defines but a lie fabricated with political designs. Its real intention is to curb China’s high qualitative development and deprive China of its legitimate rights to development.
What really “exceeds” is not the industrial capacity of China but rather the uneasiness and concern of the U.S. coming from the lack of self-confidence and its act to tarnish the image of China.
The U.S. has already said that it has no intention to contain the economic development of China and hamper China’s scientific and technological progress.
The U.S. should put its words into practice and stop fabricating such a lie as “China’s excess industrial capacity”, the spokesperson strongly demanded in conclusion.
More From Ministry of Foreign Affairs (EN)
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea (DPRK), received a
April 26, 2026
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea (DPRK), received a
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
April 26, 2026
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
94 years ago, President Kim Il Sung clarified the truth of the revolutionary struggle that we should fight against the armed ene
April 25, 2026
94 years ago, President Kim Il Sung clarified the truth of the revolutionary struggle that we should fight against the armed ene
Kim Chol Hae has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of Korea
April 25, 2026
Kim Chol Hae has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of Korea
Today is a significant day when Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of
April 25, 2026
Today is a significant day when Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea (DPRK), received a
April 25, 2026
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea (DPRK), received a
Events were held in Indonesia from April 9 to 20 to mark the 61 st anniversary of President Kim Il Sung ’s and Chairman Kim
April 25, 2026
Events were held in Indonesia from April 9 to 20 to mark the 61 st anniversary of President Kim Il Sung ’s and Chairman Kim
A Russian government delegation headed by Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the
April 24, 2026
A Russian government delegation headed by Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the
Working-level talks involving different sectors were held at Myongsasimni Hotel in the Wonsan Kalma coastal tourist area on April
April 23, 2026
Working-level talks involving different sectors were held at Myongsasimni Hotel in the Wonsan Kalma coastal tourist area on April
The DPRK-Russia Friendship Hospital will be built at the Wonsan Kalma coastal tourist area – the scenic Myongsasimni shore of
April 23, 2026
The DPRK-Russia Friendship Hospital will be built at the Wonsan Kalma coastal tourist area – the scenic Myongsasimni shore of
At the invitation of the government of the Democratic People’s Republic of Korea (DPRK), a Russian government delegation headed
April 23, 2026
At the invitation of the government of the Democratic People’s Republic of Korea (DPRK), a Russian government delegation headed
Comrade Jo Yong Won, Member of the Presidium of the Political Bureau of the Central Committee of the Workers' Party of Korea,
April 23, 2026
Comrade Jo Yong Won, Member of the Presidium of the Political Bureau of the Central Committee of the Workers' Party of Korea,
The delegation of the government of the Russian Federation headed by Comrade Aleksandr Kozlov, Minister of Natural Resources and
April 23, 2026
The delegation of the government of the Russian Federation headed by Comrade Aleksandr Kozlov, Minister of Natural Resources and
Receptions were given at the DPRK missions in Vladivostok and Khabarovsk of Russia, Shenyang and Dandong of China, Vietnam, Laos,
April 22, 2026
Receptions were given at the DPRK missions in Vladivostok and Khabarovsk of Russia, Shenyang and Dandong of China, Vietnam, Laos,
Staff members of the Indonesian Embassy in Pyongyang visited the Tower of the Juche Idea on April 20 to mark the 61 st
April 21, 2026
Staff members of the Indonesian Embassy in Pyongyang visited the Tower of the Juche Idea on April 20 to mark the 61 st
Hong Kwang Il has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of
April 21, 2026
Hong Kwang Il has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of
Mun Myong Sin has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of
April 21, 2026
Mun Myong Sin has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of
Respected Comrade Kim Jong Un received congratulatory messages and letters from different countries on his election as the
April 19, 2026
Respected Comrade Kim Jong Un received congratulatory messages and letters from different countries on his election as the
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
April 18, 2026
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
Jo Yong Sam has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of Korea
April 18, 2026
Jo Yong Sam has been appointed as the Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of Korea
More Articles
