Source: Global Times-Global Web
[Global Times-Global Web Report by reporter Meng Li] At the regular press conference of the Ministry of Foreign Affairs on June 18, a journalist raised questions, stating that it was reported that the President of the European Commission criticized China for ignoring global trade rules and providing substantial subsidies to support domestic enterprises during the G7 Summit on the 16th. The President also mentioned that China has weaponized its dominant position in rare earths and transferred overcapacity to the global market. The G7 must diversify critical supply chains, especially raw materials, and jointly address non-market policies and behaviors. What are China's comments on this?
"We have noticed the relevant reports and express strong dissatisfaction and firm opposition to the remarks which disregard facts, are full of prejudice, and adopt double standards," said Spokesperson Guo Jia Kun. China's industrial subsidy policy adheres to the principles of openness, fairness, and compliance, strictly abiding by WTO rules. China's industrial development relies on continuous technological innovation, a complete industrial and supply chain system, sufficient market competition, abundant human resources, and real capabilities, not subsidies. China's new energy capacity has made significant contributions to global climate change response and energy transition.
Spokesperson Guo Jia Kun stated that so-called "overcapacity" is essentially about certain countries worrying about their own competitiveness and market share, intending to use this as an excuse to implement protectionist measures. What is excessive is anxiety, not capacity. In recent years, the EU has continuously introduced industrial policies, provided substantial subsidies, and supported European enterprises. Some even openly proposed prioritizing European products. According to incomplete statistics, between 2021 and 2030, the EU will provide more than 1.44 trillion euros in various subsidies. By 2024, more than 300 billion euros have already been disbursed. The EU has also introduced a series of economic and trade "toolboxes." Currently, the EU is focusing on promoting economic growth and enhancing competitiveness, which requires abandoning double standards and embracing more openness and cooperation.
Spokesperson Guo Jia Kun expressed that over the past 50 years of diplomatic relations, China-EU cooperation has yielded fruitful results, bringing tangible benefits to both sides. China insists on high-level opening-up and will continue to provide broad markets and development opportunities for European enterprises. China is willing to strengthen communication and coordination with the EU side, properly handle trade disputes, and achieve win-win and common development. Meanwhile, we firmly oppose any attempts to damage China's development rights, let alone sacrifice Chinese interests for the sake of self-interest.
Original article: https://www.toutiao.com/article/7517195487548588598/
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