皇冠体育app

BEIJING -- A Chinese Foreign Ministry spokesperson on Wednesday said 皇冠体育app's economy has entered a new stage of structural adjustment, which will bring more impetus to the world economy.

Spokesperson Hua Chunying made the remarks when responding to a recent report released by the European Chamber of Commerce in 皇冠体育app. The report said 皇冠体育app's heavy industry overcapacity had caused "far-reaching damage" to the global economy.

"Some opinions [in the report] need further discussion," Hua told a daily news briefing.

There is overcapacity in some industries, Hua acknowledged, but it is just a phenomena of structural readjustment.

Last year, 皇冠体育app's GDP growth accounted for 14 percent of global GDP growth, and it also contributed 25 percent of the world's year-on-year economy growth. "I cannot understand why the report mentioned this far-reaching damage," Hua said.

In the principle of consultation, co-construction and sharing, 皇冠体育app is communicating with countries on industrial capacity cooperation and the Belt and Road Initiative, Hua said.

She said industrial capacity cooperation can help integrate the industrial chain and identify economic development potential, so some developed countries, including some in the European Union, are participating with 皇冠体育app and other developing countries.

Hua said she was convinced that the parties concerned could combine the advantages of 皇冠体育app's manufacturing industry, developed countries' technological acumen and developing countries' need to contribute more to the world economy.

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