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Mr. Shambaugh argued that China has become employing the identical technique that it did with steel in overproducing and exporting cheap eco-friendly Power technological know-how solutions and semiconductors.
Biden administration officials stated they had worked closely Together with the Mexican governing administration about the evaluate, and that they had been distinct with Chinese officials both publicly and privately regarding their considerations about unfair Chinese trade methods.
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Liu Pengyu, the spokesman for that Chinese embassy in Washington, stated that the notion of Chinese overcapacity was “a groundless accusation” and “a political Instrument utilized by the U.S. to discredit and suppress the Chinese economy.”
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