The idling capacity in a country that's long been the workshop to the world underscores the blow of the trade war to Chinese manufacturers
European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with China and Europe, which look set to dominate the G7 summit due to begin in France
"Trade wars will lead to recession, while trade deals will boost the economy," Tusk said as leaders of the G7 countries descended on the French resort town of Biarritz for a three-day summit
China on Friday said it would impose retaliatory tariffs on $75 billion of US goods, targeting crude oil for the first time and renewing punitive duties on American-made autos
The rivalry between the two superpowers is framed by a trade war that has cramped global growth, and seeded uncertainty across Asia's economies
The foreign ministry also issued a statement accusing US of harassing Chinese citizens
Taiwan, South China Sea and the ongoing trade war became the flashpoints for US-China relations as tensions rose to a fever pitch
According to the People's Daily, Washington's "fragile nerves" were caused by China's growth in research and development.
Trade talks between the two sides made "good headway" last week in Beijing and aim to bridge differences during talks that could extend beyond three days this week
There is scant chance that the Trump will be able to achieve its containment objectives, as - with respect to China's rise in every single domain - the train has left the station quite some time ago
The three-day talks in Beijing that wrapped up on Wednesday
Talks with China are going 'very well', says Donald Trump
US President Donald Trump signed new legislation expanding the government's ability to block foreign investment in US companies, regardless of the investor's country of origin
The remarks by the Chinese Commerce Ministry follow a period of relative quiet from Beijing after Trump and Chinese leader Xi Jinping reached a temporary truce
The commerce ministry is due to hold its weekly news briefing on Thursday
Trump and Chinese President Xi Jinping agreed to halt new tariffs during talks in Argentina on Saturday, following months of escalating tensions on trade and other issues
Vietnam is the clear winner from companies switching production from China, followed by Malaysia, Singapore and India
China and the US are currently locked in an ongoing trade war as each country has introduced tariffs on goods traded between each other
Pence said China's Belt and Road Initiative (BRI) is saddling developing countries with loans they cannot afford
The Chinese government attaches great importance to social and economic development