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China a major target of trade protectionism: Official |
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08:13, July 31, 2009 |
China can expect to be a major target of rising trade protectionism - particularly from the United States and India - as the world struggles to recover from the global financial crisis, the Ministry of Commerce (MOFCOM) said Thursday.
The crisis has pushed trade protectionist cases to a historical high.
"The US is abusing trade protectionist tools to help its own industries tide over the economic slowdown. The loss for Chinese businesses is huge," said Zhou Xiaoyan, deputy director of the China Bureau of Fair Trade for Imports & Exports.
As a consequence, China will have an even harder time than it does now, encountering anti-dumping, anti-subsidy and special protection cases, officials said.
From last September to this June, the main World Trade Organization members, including the US and European nations, launched 77 cases worth $9.8 billion against China, increasing the number by 112 percent from a year earlier.
Zhou said, moreover, that due to the sharp competitiveness of Chinese products and to the advantage it has of cheap labor costs, sufficient funds and high-quality technology, the country will be targeted for some time.
The fair trade bureau, which is under MOFCOM, is responsible for dealing with trade protectionist cases.
Cases centering on green barriers, such as a carbon tariff measure that the US might launch against developing nations to protect its businesses, will be another hot trend.
China has especially been facing trade protectionist measures related to labor-intensive categories.
The US and India have been among the most aggressive in the rising wave of protectionism, officials said.
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