• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Finance
Asia

Beijing says U.S. criticism of Chinese overcapacity is ‘naked economic coercion and bullying’ ahead of Secretary of State Blinken’s visit

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
April 23, 2024, 6:17 AM ET
U.S. Secretary of State Antony Blinken (M) is accompanied to an appointment by his staff at the meeting of the G7 foreign ministers.
U.S. Secretary of State Antony Blinken (M) is accompanied to an appointment by his staff at the meeting of the G7 foreign ministers.Britta Pedersen—picture alliance via Getty Images

China launched its harshest attack to date on US complaints about industrial overcapacity, signaling that Secretary of State Antony Blinken may be in for some difficult conversations during his visit this week.

Recommended Video

The US accusation contains “the malicious intention of curbing and suppressing China’s industrial development, aiming to seek a more favorable competitive position and market advantage,” a Chinese diplomat said at a recent briefing, according to a Foreign Ministry statement released Tuesday.

“It is naked economic coercion and bullying,” added the official in the ministry’s North America department whose name wasn’t given.

China rarely holds such briefings just before top US officials visit. Blinken is set to travel to the Asian nation from Wednesday to Friday.

The trip comes as several issues test a stabilization of ties, which frayed last year following accusations that China flew a spy balloon over the US. While campaigning last week, President Joe Biden blasted Beijing as “xenophobic” and vowed to triple tariffs on Chinese steel and aluminum exports.

Washington also opened a probe into the nation’s shipbuilding sector, and Congress has fast-tracked efforts to force TikTok to divest from its Chinese parent, ByteDance Ltd. Blinken’s visit also coincides with the US and Philippines conducting military exercises near the disputed South China Sea and Taiwan.

China’s response to the moves has been relatively muted. Yet, the remarks by the Foreign Ministry official suggest some irritation on Beijing’s part is mounting.

“The US is stubbornly advancing its strategy to contain China, and continues to use wrong words and deeds that interfere in China’s internal affairs, smear China’s image and harm China’s interests,” the Chinese diplomat said. “We firmly oppose and counteract this.”

The person said Beijing and Washington needed to effectively manage their disagreements. 

Blinken’s first trip to China since mid-2023 comes on the heels of Treasury Secretary Janet Yellen’s visit to Beijing earlier this month, and the first phone call between China’s new defense minister and his US counterpart.

A senior US official said earlier that Blinken will spell out how Chinese companies’ backing for Russia’s war machine is impacting European security. China hasn’t crossed the US red line of offering lethal assistance to Russia in the form of weapons or munitions.

The Wall Street Journal has reported that Washington is preparing sanctions that would sever the access of certain banks in China to the world’s financial system. The move would be aimed at curbing Beijing’s commercial support of Moscow.

Chinese Foreign Ministry spokesman Wang Wenbin repeated at a regular press briefing in Beijing on Tuesday that his country “is not a party to the Ukraine crisis.”

“We will never fan the flames nor seek selfish gains,” he said. “We will certainly not accept being the scapegoat.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

test
EconomyGen Z
Gen Z’s straight‑A boom is quietly shrinking their paychecks
By Jake AngeloMarch 19, 2026
3 hours ago
CryptoCryptocurrency
France is experiencing wave of crypto assault. One involved an influencer’s father doused with gasoline 
By Carlos GarciaMarch 19, 2026
5 hours ago
long lines TSA
North AmericaAirline industry
War, oil, and an unpaid TSA: The perfect storm of travel chaos feels like the pandemic all over again
By Catherina GioinoMarch 19, 2026
5 hours ago
EconomySocial Security
Social Security has 6 years left. The fix that sounds cruelest may be the smartest
By Nick LichtenbergMarch 19, 2026
6 hours ago
pete hegseth
EconomyIran
The Pentagon reportedly requested an extra $200 billion for the Iran war. It might fund the U.S. military for just 140 more days
By Jake AngeloMarch 19, 2026
6 hours ago
Business people on airplane runway
Personal FinanceWealth
1 in 5 Americans thinks it’s ‘morally wrong’ to be a billionaire—Gen Z in particular finds it distasteful
By Eleanor PringleMarch 19, 2026
7 hours ago

Most Popular

placeholder alt text
Success
Less than 10 out of 250 billionaires have kept their promise to give away their fortune—and a philanthropy CEO says Elon Musk is right about why
By Orianna Rosa RoyleMarch 18, 2026
2 days ago
placeholder alt text
Economy
The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it
By Nick LichtenbergMarch 18, 2026
1 day ago
placeholder alt text
Law
DOGE cancelled a $349,000 grant to replace a museum’s HVAC after ChatGPT flagged it as DEI, court documents show
By Sasha RogelbergMarch 19, 2026
6 hours ago
placeholder alt text
Commentary
The U.S. attacked Iran to show its power but the war is already lost. Epic Fury looks like an Epic Fail
By Guillaume LongMarch 18, 2026
1 day ago
placeholder alt text
Economy
Jerome Powell says you're right to blame data centers for making your bills more expensive: 'probably pushing inflation up'
By Eva RoytburgMarch 19, 2026
10 hours ago
placeholder alt text
Politics
Global selloff in stocks as oil hits $115 and Trump admits he ‘knew nothing’ about Israel attack on major Iran gas field
By Jim EdwardsMarch 19, 2026
13 hours ago