China Urges Firms Not to Cut Prices in U.S.
China’s Commerce Minister Wang Wentao told Chinese companies in New York that they should not bring domestic price‑cutting strategies to U.S. markets, citing Beijing’s desire to avoid overcapacity in sectors such as automobiles and solar‑cell materials. The guidance, issued in a ministry statement after a meeting with company representatives, was framed as part of efforts to stabilize recent economic and trade relations between Beijing and Washington following several rounds of consultations.
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China Urges Companies to Not Take Price-Cutting Playbook to U.S.
New information:
- Chinese Commerce Minister Wang Wentao made the remarks at a meeting in New York with Chinese company representatives.
- The Chinese Commerce Ministry issued a statement (late Wednesday) saying China and the U.S. 'have reached consensus on a number of issues' after rounds of trade consultations.
- Beijing singled out domestic overcapacity risks in autos and solar‑cell materials and urged firms not to export that domestic 'price‑cutting playbook' to the U.S.