"Overcapacity" narrative extremely destructive to integration of regional economies
Share - WeChat

"Some countries frequently wield the big stick of 'anti-dumping' and 'anti-subsidy', using narratives such as 'de-risking' and 'overcapacity' that are illogical and contrary to market rules," said Wu Hailong, president of China Public Diplomacy Association at the 2024 RCEP Media & Think Tank Forum on May 19.
He added that such actions are extremely destructive to the facilitation of regional trade and investment, the integration of regional economies, and the establishment of a regional large market.
By Ge Xinge and Gong Yueqi
Today's Top News
- Reducing burdens at the grassroots benefits the people
- Documentary revisits ping-pong days of 1971
- China signals potential trade talks for the first time
- Washington and Kyiv sign economic accord
- Strong fiscal, monetary policy support expected in pipeline
- US business community alarmed by tariff impacts
Editor's picks