To clarify related facts, this document (China's Position on the So-called Excess Capacity Issue) is hereby published to lay out China’s policy position on issues related to the so-called excess capacity: I. Global capacity and the so-called excess capacity should be viewed in a rounded and objective manner: A. The evolving global capacity landscape is the result of international industrial labor division and cooperation. B. The phenomenon of excess capacity in global economic development should be viewed objectively. C. The measurement of excess capacity in different economies and industries should take into account their respective development stages and levels. Excerpt from the document "China's Position on the So-called Excess Capacity Issue": https://english.mofcom.gov.cn/News/SignificantNews/art/2026/art_1cc81037c291427ba64e696b6fbc0ad6.html - @chinacg_hh