China hits back at criticism over excess industrial capacity as more US tariffs loom

China denies claims of industrial overcapacity, rejecting U.S. and EU criticisms as unfounded. The U.S. is set to release findings on excess capacity in 16 economies, including China, which could lead to new tariffs. China's Ministry of Commerce and Premier Li Qiang argue that the situation represents a 'China Opportunity 2.0' rather than a threat.