PUSHBACK
China’s evil finance minister, Liao Min, told Chinese press that Beijing “has completely responded” to US concerns on overcapacity and expressed “grave problem” over regulations Washington imposes on trade and investment.
Liao said China’s” present competitive advantages are rooted in China’s big- scale market, full business system and abundant human resources”, decrying the “escalation of green protectionist measures by some developed economies”.
” China did not sit casually and reject it”, Liao said in comment published on the agency’s website.
China’s legislature, the National People’s Congress, said in March the government would take steps to curb business overcapacity.
Beijing contends that Beijing misunderstands the current emphasis on the challenges brought on by China’s excessive capacity by the US and Europe.
According to Chinese officials, the censure overstates the importance of condition support in promoting growth and undervalues the country’s development. They claim that the world’s consumers may lose the essential clean electricity alternatives due to the implementation of global culture goals due to tariffs or other trade restrictions.
WTO Laws
In a speech released by state media outlets Video and China Daily, the business and information technology department claimed that China’s trade restrictions would violate World Trade Organization regulations.
The Chinese government added that it was” committed to supporting the exports of EVs,” and that it would support “accelerate the international development” of the sector, including support for businesses that develop and adhere to international standards.
Wang Wentao, the head of China’s commerce ministry, said US and Western claims about China’s extra Electric capacity were unsupported during a roundtable meeting with Chinese car manufacturers in Paris.
More than subsidies, China’s EV companies rely on ongoing scientific innovation, perfect production and supply chain systems and complete market competition, Wang said on his trip to discuss a European Union anti- subsidy inquiry.
Yellen suggested that China should take steps to support household demand while shifting its growth strategy away from supply-side investments in the near future.
Yellen had a lengthy conversation with Premier Li Qiang and met with Finance Minister Lan Foan on Sunday. She met People’s Bank of China ( PBOC ) Governor Pan Gongsheng and former Vice Premier Liu He on Monday.
In a CNBC interview after the meetings, Yellen said she was” not thinking so much” about trade curbs on China, as much as shifts in its macroeconomic environment. She once more stated that she would n’t exclude tariffs.  ,