Minister: trade frictions reflect conflict of development strategies

09:33, June 03, 2010      

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China has become the world's largest target and victim of trade frictions, Zhong Shan, vice minister of China's Ministry of Commerce said on June 1.

"Trade frictions include not only restrictions on products exported from China but also conflicts about macro-economic factors such as strategies of economic development," he said.

On the same day, the U. S. Commerce Department set final anti-dumping duties and countervailing duties on imports of steel gratings from China.

Zhong said that the global financial crisis has caused low overseas demand, higher exporting costs and more fierce competition in the world market, challenging China's exports.

"Increasing trade frictions have undermined the competitiveness of products from China, raising enterprises' marketing difficulties, and led to higher outbound risks for China's economy," Zhong said.

In 2009, 22 countries or regions launched 116 anti-dumping, countervailing, safeguard measures or special safeguard probes into products from China. Last year, China's foreign trade accounted for only 9.6 percent of world total but encountered world's 40 percent of anti-dumping cases and 75 percent of countervailing cases.

By People's Daily Online


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