Xi says there is no such thing as 'China's overcapacity'

PARIS -- Whether viewed from the perspective of comparative advantage or global market demand, there is no such thing as "China's overcapacity problem," Chinese President Xi Jinping said here Monday.

Xi made the remarks at a China-France-EU trilateral meeting with French President Emmanuel Macron and European Commission President Ursula von der Leyen at Elysee Palace.

China always views its relations with the EU from a strategic and long-term perspective, and regards Europe as an important dimension in its major-country diplomacy with Chinese characteristics and an important partner on its path toward Chinese modernization, Xi said.

It is hoped that China-France and China-EU relations would reinforce each other and thrive together, Xi said.