Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China sees 'unprecedented' foreign trade friction
Adjust font size:

China was cited in 60 investigations by foreign trade partners in the first half of the year, a sign of rising global protectionism, according to a commercial official.

The investigations, initiated by 15 countries, involved trade worth 8.267 billion U.S. dollars and were "unprecedented both in terms of the number of cases and the value," Liu Danyang, vice director with the Bureau of Fair Trade for Imports and Exports under the Ministry of Commerce, said at a seminar that opened Tuesday.

Last year Chinese foreign trade companies were cited in 62 investigations concerning accusations of dumping, subsidies and safeguard measures, that involved 6.2 billion U.S. dollars, said Liu.

"The situation this year reveals that trade protectionism is on the rise in many countries despite global calls against it," Liu told the seminar on countering international trade risks.

Handling trade disputes had become a significant task for China's commercial authorities, Liu said.

The official called for cooperation, stressing that "irresponsible trade protectionism will only harm both sides of the deal".

In addition to the usual charges, Chinese trade companies suffered new protectionist measures of higher tariffs, technical barriers, depreciation and trans-national investment obstruction.

Some countries were taking advantage of their developed markets and advanced technologies and products to crack down on developing countries or their rising industries, Liu said.

Liu cited the example of Guangdong Provincial Food Industry Institute's legal battle against Tate & Lyle, one of the world's biggest sugar companies, over the alleged intellectual property rights infringement of an artificial sweetener in April.

"The case was similar to many others, in which powerful companies were trying to snuff out new rivals to retain their dominant position in the world market," Liu said.

Wang Sanyong, a researcher with Guangdong Provincial Food Industry Institute, said his institute won the case, but at enormous cost.

"The product was solely developed by our researchers and the technology was different to that of the British company," said Wang.

"However, it cost us 20 million yuan (2.9 million U.S. dollars) during the two-year legal procedure, which hacked profits and almost forced us to suspend operations," he said.

The new phenomenon, partly triggered by the financial crisis, not only impaired Chinese companies, but also delayed the recovery of global economy, said Liang Yaowen, director of Guangdong Provincial Administration of Foreign Trade and Economic Cooperation.

Some countries were trying to turn temporary measures, such as anti-dumping and anti-subsidy, into long-term and fixed policies on the pretext of maintaining a trade balance, said Yan Qifa, a researcher with the Export-Import Bank of China, administered by the State Council.

China's exports fell 26.4 percent in May from the same month a year ago to 88.758 billion U.S. dollars, while imports were down 25.2 percent to 75.37 billion U.S. dollars, according to the General Administration of Customs.

(Xinhua News Agency July 14, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 亚洲18在线天美| 国产精品蜜臂在线观看| 亚洲欧美成人综合久久久| 麻豆国产在线观看免费| 好吊色青青青国产综合在线观看| 亚洲中字慕日产2020| 精品国产一区AV天美传媒| 国产白浆视频在线播放| 97色精品视频在线观看| 日本丰满岳乱妇在线观看| 亚洲白嫩在线观看| 老汉扛起娇妻玉腿进入h文| 国产精品免费_区二区三区观看| 99精品视频在线观看免费专区| 岛国大片在线播放| 久久狠狠色噜噜狠狠狠狠97| 欧美va在线视频| 免费人成在线观看网站品爱网日本| 色综合合久久天天综合绕视看| 国产精品国色综合久久| 99久久99久久久99精品齐| 成年男女免费视频网站| 亚洲gv白嫩小受在线观看| 男人猛躁进女人免费观看| 国产免费久久精品99久久| 91大神在线精品视频一区| 成人区人妻精品一区二区不卡网站| 亚洲一区二区免费视频| 欧美日韩亚洲一区二区精品| 免费观看无遮挡www的小视频| 国产超爽人人爽人人做| 大学生久久香蕉国产线看观看| 久久久久人妻一区精品果冻| 欧美日韩一区二区在线视频| 亚洲精品中文字幕乱码三区 | 日本乱子伦xxxx| 久久天堂AV综合合色蜜桃网| 欧美日韩亚洲综合| 亚洲欧美国产精品久久久| 精品国产国产综合精品| 国产午夜毛片一区二区三区|