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“Addressing these issues might warrant our getting defensive action to guard our companies and personnel — and the standard Resource kit of trade actions will not be ample,” Mr. Shambaugh additional. “Extra Resourceful methods might be necessary to mitigate the impacts of China’s overcapacity.”
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Liu Pengyu, the spokesman for the Chinese embassy in Washington, explained which the notion of Chinese overcapacity was “a groundless accusation” and “a political Device used by the U.S. to discredit and suppress We buy houses in Mechanicville NY the Chinese economic system.”
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