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People's Daily Online>>China Business

China suffers from trade protectionism

By Ye Xiaonan (People's Daily Overseas Edition)

13:03, December 01, 2011

Edited and translated by People's Daily Online

While Chen Deming was attending the 23rd minister-level meeting of the Asia-Pacific Economic Cooperation (APEC) in November in Hawaii of the United States, he said that trade protectionism has been re-appearing since the Yokohama Summit and China suffers greatly from trade protectionism. In the first nine months of 2011, China met 50 trade remedy investigations, in which 3 billion U.S. dollars was involved. Chen called on all countries to resist and abolish trade protectionism actions of various kinds and cautiously and carefully use trade remedy measures in order to prevent economic and trade issues from being politicalized.

According to data, China met more than 690 cases of anti-dumping, countervailing, safeguard and special safeguard measures and about 40 billion U.S. dollar was involved in total in the past 10 years. Of the cases, about 100 were launched by the United States and about 70 were launched by Europe. In 2010, the U.S. International Trade Council launched 58 "337 U.S. surveys" in total, and 17 or one third of the surveys were against Chinese enterprises.

A report written by an international independent economist in the past pointed out that since the international economic situation kept changing, many countries had started to adopt trade policies of benefiting themselves and the trade protectionism was obviously re-appearing globally. The countries, which are supporting their own economies by hindering the competition, especially by resisting the export from China, are increasing, and that is damaging China's interests.

Email|Print|Comments(Editor:韩莎莎)

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Sam Teng at 2011-12-03175.136.54.*
There is an increasing trend of developed nations like the US and many Western countries to adopt trade policies that only benefited themselves. Because they are non competitive, they will impose trade restrictions on imported goods by using all sorts of excuses. This is bad for free trade as it allows manipulations and trade protectionism. In the long term, all countries will suffer as every countries will be doing tit for tat as it becomes more politicized.
Todd at 2011-12-01108.37.21.*
Trade protectionism is good. It protects your economy. (juche)
  

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