(Washington News) U.S. officials revealed that Washington has warned Beijing that if China tries to solve overcapacity through dumping goods in the international market, the United States and allies will take action response.
The Financial Times quoted two senior officials of the US Treasury, Jay Shambaugh, the deputy minister of the US Finance, who was responsible for international affairs, recently led the delegation to visit China.This position.
Shang Bo said at the time: "We are worried that China's industrial support policies and macroeconomic policies are more focused on supply, without considering where demand comes from, which will cause Chinese production to surplus ... ultimately impact the global market."
Reports pointed out that the United States is most worried about advanced manufacturing, especially clean energy departments, such as electric vehicles, solar panels, lithium batteries, etc.
Shangbo said that he emphasized to the Chinese side that it was not just the United States that was worried. China should not consider the reaction of the United States or other countries as unexpectedly.
Shangbo said in an interview with the Financial Times: "Other countries in the world will respond, but they do not respond in a new anti -China method. They respond to China's policy."
A US official said that Washington hopes Beijing to take this issue seriously, and when US Treasury Secretary Yellen visits China this year, this will also be the focus of the agenda.
At the end of this month, when Yellen went to San Paulo to meet with the leaders of the G20 group (G20), it is expected to mention the problem of excess capacity in China.
Experts: The United States may be forced to expand the restrictions on China's imports
SCOTT Kennedy, a Chinese economic expert in the Institute of International Strategy (CSIS), believes that the United States should put pressure on China and promote China to boost domestic demand.He said: "Suppose all these cannot change the situation. Washington will have no choice. It can only imitate the European Union and start a survey, which may lead to the significant expansion of the restrictions on China's imports."
The European Union launched an anti -subsidy survey of China's electric vehicle industry last year.EU Competitive Affairs Specialist Westgi last Saturday (February 17) stated that the European Union is preparing to use trade instruments to solve the unfair trade practices of China.
China has previously admitted that the risks brought about by overcapacity are the characteristics of China's industrial development over the past decades, but Beijing has not yet formulated a clear plan to solve this problem.In December last year, Chinese officials stated that excess capacity in some industries is one of the challenges that must be resolved to ensure future economic growth.
