China rejects ‘overcapacity’ claims in sweeping rebuttal against US, EU

Commerce ministry seeks to rebrand 'China Shock 2.0' as innovation opportunity Cars are lined up for export at Shanghai's port on July 14. (China Daily via Reuters) SHANGHAI — China on Tuesday issued a lengthy rebuttal to claims that it is enabling industrial overcapacity, as the U.S. and Europe ready new tariffs and other trade curbs on Chinese imports.

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