Global business groups on China's approach to reduce protectionism, "overcapacity" claims

There is no overcapacity at the moment in #China, as electric-vehicle production is currently insufficient to meet soaring demand, especially as demand is expected to continue to climb, according to several global business groups.
Lorenzo Riccardi, chairman of the China-Italy Chamber of Commerce, Marco Balarezo, ambassador of Peru to China and Lorenzo Riccardi, chairman of the China-Italy Chamber of Commerce were speaking to CGTN's Aaron Liu at the 2024 Global Trade and Investment Promotion Summit. They also expressed their expectations for cooperation with China in innovation and emerging fields, and China's approach to reduce global trade protectionism.