China defends role in global supply chains amid Strait of Hormuz crisis (opens original article in a new tab)
China's Vice-Premier Ding Xuexiang defended the country's role in global supply chains during the Strait of Hormuz crisis, rejecting Western accusations of overcapacity and highlighting China's industrial development through reform and opening up. China's trade surplus reached US$1.2 trillion in 2025, with a US$451.7 billion surplus in the first five months of this year.
- China's Vice-Premier Ding Xuexiang defended the country's role in global supply chains during the Strait of Hormuz crisis.
- Ding rejected Western accusations of overcapacity and stated that China's industrial development stems from reform and opening up.
- China's trade surplus reached US$1.2 trillion in 2025, with a US$451.7 billion surplus in the first five months of this year.
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