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Ministry of Commerce Responds to U.S. Section 301 Investigation on Overcapacity: Will Closely Monitor Developments and Reserve Right to Take Necessary Measures

On July 28, in response to the recent U.S. Section 301 investigation on overcapacity, Lin Weilong, Director of the Policy Research Office of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that this is a typical act of unilateralism, severely undermining the international economic order. The U.S. cannot narrowly define production capacity that exceeds domestic demand as 'overcapacity' and label it as such. Furthermore, the U.S. has no right to unilaterally determine whether a trading partner has 'overcapacity' through a Section 301 investigation and impose unilateral restrictive measures. China urges the U.S. to correct its wrongful practices and return to the right track of resolving issues through dialogue and consultation. China will closely monitor developments and reserves the right to take necessary measures to resolutely safeguard its legitimate rights and interests. (Xinhua)

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