BASFY - China Slams US And Other G7 Countries For Hyping Up Trade Overcapacity: 'Attempts To Set Obstacles And Limitations' | Benzinga
China has responded to the Group of Seven (G-7) nations’ criticism of its trade practices, accusing them of exaggerating the issue of overcapacity.
What Happened: The G-7 finance ministers and central bankers claimed on Saturday that China’s non-market policies harm global economies, Bloomberg reported on Monday.
During a regular press briefing in Beijing on Monday, Chinese Foreign Ministry spokeswoman Mao Ning dismissed these allegations.
She stated, “The G-7 hypes up the so-called overcapacity of China and attempts to set obstacles and limitations to China's progress.”
Mao further described the G-7’s stance as “essentially protectionism” and not beneficial to ...