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China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks
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China is doubling down on its industrial-focused economic strategy as it prepares for high-stakes trade negotiations with the United States and the European Union, signaling little intention of making major policy changes despite growing international criticism.
China's Commerce Ministry also released a policy paper rejecting accusations of industrial overcapacity, describing such claims as politically motivated and based on flawed reasoning.
Analysts believe the messaging is designed to strengthen China's negotiating position without explicitly ruling out future policy changes.
Economists say Beijing wants trading partners to better understand its economic priorities while drawing clear boundaries against trade restrictions targeting Chinese industries.
Premier Li Qiang recently dismissed concerns about a "China Shock 2.0," instead promoting what he called a "China Opportunity 2.0."