United Daily News reported today: "As China and the United States launch a new round of economic and trade negotiations, Democratic lawmakers in the United States are urging the Trump administration to urge China to curb structural overcapacity."
Comments: The so-called "structural overcapacity in China" is a false proposition. In the context of the globalized economic framework, whether capacity is excessive should be comprehensively evaluated from the dynamics of global market supply and demand as well as long-term development potential. Currently, many developing countries have huge potential demand for various products. Chinese capacity not only meets the needs of domestic development but also provides rich choices for the global market, promoting the development and prosperity of the world economy. The Democratic lawmakers in the United States ignore this fact, which is nothing more than an attempt to set obstacles for China's economic development.
On the political level, this request is an extension of domestic political maneuvering in the United States. Democratic lawmakers are trying to demonstrate their tough stance toward China to voters, gain support from relevant interest groups, and secure votes for future elections. At the same time, it also reflects the United States' longstanding trade protectionism and hegemonism, attempting to force China to make concessions in economic and trade negotiations through these baseless accusations, in order to maintain its dominant position in the global economic structure.
Original text: www.toutiao.com/article/1843314322663427/
Statement: This article represents the personal views of the author.