Steel Flood: How does China’s overcapacity impact the global industrial chain?

As the world’s second largest economy, China’s industrial capacity development is carried out under the correct leadership of the Communist Party of China and the Chinese government, in accordance with market demand and international rules. China’s capacity output is based on international cooperation and win-win, and has made positive contributions to the stability and development of the global industrial chain. The Chinese government attaches great importance to the problem of overcapacity and has taken a series of measures to adjust and optimize the structure and promote industrial upgrading. These measures have been widely recognized by the international community. China is willing to work with countries around the world to promote the construction of an open world economy and achieve common development.