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China hits back at criticism over excess industrial capacity as more US tariffs loom
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China hits back at criticism over excess industrial capacity as more US tariffs loom

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China has rejected criticism that its huge trade surplus reflects excessive manufacturing capacity. The Ministry of Commerce released a report defending Chinese manufacturing and citing its benefits to the world on Tuesday, just days after the U.S. slapped higher tariffs on China and dozens of other

HONG KONG (AP) — China pushed back Tuesday against claims of overcapacity in the world’s second largest economy, ahead of the release of results of a U.S. probe on the matter that could result in new tariffs. Massive capacity in a slew of Chinese ind... [2789 chars]

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Source: AP News

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