China condemns US’ overcapacity claim just before Blinken visit
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China condemns US' claim of industrial overcapacity as economic coercion and bullying. Chinese diplomat accuses the US of seeking a more favorable competitive position and market advantage. The remarks come ahead of Secretary of State Antony Blinken's visit to China. Tensions between the two countries have been strained, with issues such as accusations of spying, tariffs on Chinese exports, a probe into China's shipbuilding sector, and efforts to force TikTok to divest from its Chinese parent. China expresses irritation and opposition to US interference in its internal affairs. Blinken's visit follows Treasury Secretary Janet Yellen's visit and the first phone call between China's new defense minister and his US counterpart. The US may impose sanctions on Chinese banks to curb Beijing's commercial support of Russia. China denies involvement in the Ukraine crisis and rejects being the scapegoat.

#China #Us #IndustrialOvercapacity #EconomicCoercion #AntonyBlinken

https://theedgemalaysia.com/node/709065