China Will Not Flood Global Markets With Cheap Goods, Says Ambassador to India

China Will Not Flood Global Markets With Cheap Goods, Says Ambassador to India

Beijing has no intention of offloading surplus goods onto foreign markets despite escalating trade tensions with the United States, China's envoy to India, Xu Feihong, said in a commentary on Tuesday, seeking to ease concerns over potential market disruption from low-cost Chinese exports.

In a sharply worded editorial published in the Indian Express under the headline "Stand up to Washington's Bullying," Xu addressed fears that the deepening tariff battle between the world’s two largest economies could result in Chinese firms diverting products to other countries, undercutting local industries

Tariffs on goods traded between China and the U.S. have surged beyond 100% since President Donald Trump returned to office, sparking volatility in global markets and prompting protective moves from other nations.

India, concerned about a wave of low-cost imports—particularly in the steel sector—recently imposed a 12% safeguard duty to rein in rising shipments, many of which originated in China. The measure aims to protect Indian producers from unfair competition.

Responding to such concerns, Xu emphasized that China is steering its economic strategy toward stimulating domestic consumption rather than relying on export surpluses.

“China abides strictly by WTO rules and subsidy regulations,” Xu wrote. “We reject dumping, price wars, and any behavior that undermines other nations’ industries or economic progress.”

Indian government officials have not yet commented on Xu’s remarks.

An oversupply of Chinese steel in recent years has pressured Indian manufacturers, forcing some to cut production and consider workforce reductions. India is among several countries evaluating new trade defenses to shield domestic industries from foreign competition.

Since the 2020 border conflict that strained bilateral ties, India has imposed curbs on Chinese investments. However, recent diplomatic exchanges suggest a thawing of relations. Earlier this month, Chinese President Xi Jinping and Indian President Droupadi Murmu exchanged messages of goodwill to mark 75 years of diplomatic ties.

Xu also reiterated Beijing’s willingness to deepen trade relations with New Delhi and increase imports of Indian goods as part of efforts to rebuild economic cooperation.

The comments posted here are not from Cnews Live. Kindly refrain from using derogatory, personal, or obscene words in your comments.