China's Ministry of Commerce responded to European claims of a "China shock 2.0" by saying it does not practice megaphone diplomacy, and said the Chinese and U.S. economic teams are in close contact on tariff reduction and related issues.
China's Ministry of Commerce set out its position on the European argument known as "China shock 2.0," saying it would not conduct diplomacy through a microphone — that is, pressure applied through public statements.
광고 문의 · 300×250The phrase refers to the claim that large-scale exports of Chinese manufactured goods are again hitting manufacturing employment abroad as they did in the early 2000s. European officials have raised it mainly around electric vehicles, batteries and solar equipment.
The ministry said trade imbalances have to be read against both statistics and industrial structure, and that consultation channels are more appropriate than public criticism. A European commissioner is due in Beijing in October to meet the Chinese commerce minister.
At the same briefing the ministry said its economic and trade team is in close contact with Washington on tariff reduction and other items, which reads as preparation ahead of President Xi Jinping's visit to the United States.
On the American side, a planned announcement of new tariffs aimed at overcapacity is reported to be under consideration for postponement until after the summit, a step read as avoiding disruption to the negotiating mood.
Europe does its own calculation between the two. If the United States raises tariffs, Chinese volumes may turn toward European markets, which gives Brussels reason to have its own defenses ready.
Tariffs and export controls look like separate instruments but move together in practice: volume blocked in one market flows to another. That is why each government watches the others' measures closely.
