China rebuffs US overcapacity claims at G20

Summary

Commerce Ministry spokesperson Huang Ling pushed back on September 3 against US allegations of Chinese overcapacity, saying export growth is driven by scale and innovation,

and that overcapacity is a normal economic occurrence. She dismissed the G20 platform as a venue for promoting protectionist rhetoric and reaffirmed Beijing's opposition to any moves that unsettle global trade and economic order.

Commentary

Washington's decision to raise the overcapacity issue at the G20 reflects protectionist instincts rather than economic reality. With about 30 percent of New Zealand exports tied to the Chinese market, local dairy and meat SMEs remain vulnerable to higher tariffs and shipping costs. Weaker global trade rules would also add to their compliance burden.

Yet shifts in China's domestic demand could open the door to niche opportunities, and NZ businesses should leverage RCEP provisions to diversify their export base.

Keywords: MOFCOM, overcapacity, G20, Huang Ling, protectionism, trade, New Zealand, RCEP

Summary in Chinese | 摘要

商务部新闻发言人黄玲9月3日驳斥美方所谓“产能过剩”等错误言论，指出中国出口增长源于规模经济和创新能力，产能问题是经济正常现象，利用G20炒作实质是保护主义，坚决反对扰乱全球经贸秩序。

Commentary in Chinese | 评论

美方借G20炒作中国“产能过剩”，实为保护主义。新西兰约三成出口依赖中国市场，乳制品、肉类中小企业面临关税与物流成本上升风险。若全球贸易规则弱化，合规负担加重。

但中国内需调整也可能创造细分需求。NZ SME宜利用RCEP关税安排分散市场。

关键词: 商务部, 黄玲, 产能过剩, 贸易失衡, G20, 贝森特, 出口增长, 保护主义

Source: Global Times