ST. PETERSBURG - The US allegation of China's overcapacity in electric vehicles is "some kind of nonsense" and an attempt to limit growth by non-market means, Russian President Vladimir Putin has said.

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"Don't they know who determines whether there is overproduction or not? ... If China produces a certain number of cars, and the market absorbs it all, takes it away, then what kind of overproduction are we talking about?" Putin said late Wednesday when responding to a question from Xinhua at the ongoing 27th St. Petersburg International Economic Forum.

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Putin said the US practices to limit growth are harmful, including to the US economy, as consumers would suffer higher costs looking for alternatives, causing higher inflation in the country.

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"This is a mistake, another mistake of today's (US) administration," he added.