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US violates WTO rule, misuses trade protection measures

(People's Daily Online)

16:12, July 16, 2012

China and the United States will begin official negotiations from July 18 to July 19, regarding the case that China had reported the U.S. anti-subsidy measures on 22 exported products from China to the dispute settlement mechanism of World Trade Organization (WTO).

China had proposed negotiations with the United States about its wrong anti-subsidy investigations to 22 products exported from China and officially launched the WTO dispute settlement procedure on May 25.

The case involved nearly 7.3 billion U.S. dollars and reflected the truth that the United States has violated the WTO rules in terms of trade remedies for a long time, said Li Chenggang, with the Department of Treaty and Law under the Ministry of Commerce of China.

Returning to real economy after suffering setbacks

"Suffering the impact of international financial crisis, the United States finally recognized that the virtual economy will be 'water without a source' and 'a tree without roots' once it breaks away from real economy. Therefore, reindustrialization has been accepted by more and more U.S. people," said Bai Ming, deputy director of the Department of International Market Research at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

In 2009, the Obama administration proposed a plan of returning to original mode of economic development, namely the mode of export-driven growth and manufacturing business growth. The plan was called "reindustrialization." Judging from the development condition of the U.S. economy in 2012, the adjustment of its real economy has given initial results and the signs of recovery is obvious.

However, the United States will not just recover the traditional manufacturing business but develop an advanced manufacturing industry relying high and new technology and use new technological revolution results to reform and drive other industries forward, especially including new energy, information, biotechnology, medical treatment, environmental protection, marine, outer space and other emerging industries.

As the industrial restructuring, adjustment and upgrade of China are similar to U.S. strategy of revitalizing the manufacturing industry in many ways, the fierce competition, conflicts and mutual extrusion exist between the two countries, which led the United States to rear its head of trade protectionism.

Spokesman of China's Ministry of Commerce Shen Danyang said in a statement that the United States really had misused its trade remedy measures in some ways, which damaged the legitimate rights and interests of Chinese enterprises, and Chinese government resolutely opposes to it.

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