Latest News:  
Beijing   Sunny/Cloudy    29 / 16 ℃  City Forecast

Home>>China Business

US blames Chinese firms for its own failures (2)

(People's Daily Overseas Edition)

16:18, May 24, 2012

He Maochun attributed it to the declining competitiveness of many U.S. companies, especially those in emerging industries. Interest groups in the United States have taken all possible trade remedy measures to protect increasingly uncompetitive domestic companies. They have pounced on certain issues regarding Chinese companies, and taken advantage of China’s support policy for certain companies to generalize the label “government subsidy recipient” to all Chinese companies in a peremptory way.

“The United States has attributed its own failure to the Chinese government’s providing prohibited subsidy and dumping goods against WTO rules. It is obviously not objective,” Mei said.

The U.S. manufacturing sector has remained sluggish for a long time mainly because of its own problems. The United States thinks it has done nothing wrong, and has strengthened trade law enforcement to solve trade problems, which it believes have all been caused by its trading partners’ unfair trade practices. Protectionism and frequent trade disputes with other countries will make U.S. companies less motivated to improve their own competitiveness, said Mei.

A template for future trade disputes?

When asked whether the ruling will set a template for future trade disputes involving Chinese SOEs, He said that although U.S. courts often follow the doctrine of precedent, it is still too early to draw any conclusion from a legal perspective. It is just an isolated case as part of the normal trade friction between the two countries.

He said that the country should prove in a reasonable and well-founded way that it has fulfilled its WTO commitments by implementing the reform and opening-up policy. Furthermore, the Chinese companies involved should be brave and determined to defend their legitimate rights and interests through lawsuits, instead of relying on the mercy of others.

Read the Chinese version at: 美一输商战就诬中国有“补贴”

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. Flower children on the streets of Kunming

  2. Int'l Day for Biological Diversity: For our world

  3. Armored regiment conducts combat drill

  4. Preview of jewelry auction held in Hong Kong

Most Popular


  1. What is the US' aim behind arms sales to Taiwan?
  2. Investment-driven growth no longer a viable option
  3. Summit can't stop NATO from being marginalized
  4. Easing liquidity not a cure-all
  5. As Beijing remains mum, trade relationships suffer
  6. Intentions behind Japanese right-wingers’ collusion with ‘World Uyghur Congress’
  7. Real intentions of US exercise in Middle East
  8. Short-term trade recovery expected to elude China
  9. Stronger policies needed to push dividend payouts
  10. US, China must co-op to defuse confidence crisis

What's happening in China

Sewage suspected in fish death, Sichuan

  1. Cross-cultural forum looks abroad
  2. Henan Province promotes tourism in Osaka
  3. Suspect oil found in Yunnan
  4. Chinese cities build digital geographic systems
  5. Winning streak ends for mainland stocks

China Features

  1. High ticket prices, unaffordable landscapes
  2. Huangyan tensions
  3. 2012 Russia-China joint naval exercise
  4. 2nd Beijing International Film Festival
  5. Auto China 2012

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai