The Financial Times quoted sources on February 19 as saying that Washington has issued an official warning to Beijing that if China continues to dump excess capacity abroad, the United States and its allies will take corresponding action in response. This news has aroused widespread concern in the global market.
According to reports, the U.S. Treasury Department's undersecretary for international affairs Chambo said in an interview: "Our concern is that China's industrial support policies and macro policies are too focused on the first end and ignore demand."
This situation could lead to China's excess capacity eventually impacting the world market. He highlighted cutting-edge manufacturing sectors, especially clean energy-related industries such as electric vehicles, solar panels and lithium-ion batteries, which are essential for a sustainable future.
In response to the warning of the United States, some analysts pointed out that this reflects the rise of protectionist behavior in the face of China's strong industrial manufacturing capacity, and may abuse the dispute mechanism to protect its own interests. This move will undoubtedly have a far-reaching impact on the global pattern and the stability of the industrial chain.
It is worth noting that the warning issued by the United States this time is not groundless.
In recent years, with the rapid development of China's manufacturing industry and technological progress, there has indeed been overcapacity in some fields. However, how to properly deal with this problem requires not only the efforts of China and enterprises themselves, but also the understanding and cooperation of the international community.
In the future, how the competition and cooperation between China and the United States in the economic and trade fields will unfold will undoubtedly become the focus of global attention.