1. LINE

      Text:AAAPrint
      Economy

      China poised to defend against rising protectionism

      1
      2017-02-10 08:41Xinhua Editor: Gu Liping ECNS App Download

      As anti-globalization appears to be sweeping across world economies still struggling with slow recoveries, China is poised to defend its exports against escalating protectionism.

      "We do not want trade wars, but we will be well-prepared for and actively respond to any trade remedy measures from other countries and regions to protect the interests of Chinese enterprises," Wang Hejun, head of the trade remedy and investigation bureau under the Ministry of Commerce, told the "Economic Information Daily."

      His remarks came in as a response to recent exorbitant tariffs imposed by the United States and European Union on Chinese steel.

      The U.S. commerce authority ruled earlier this month that importers of stainless sheets and strips manufactured in China will have to pay anti-subsidy taxes up to 190.71 percent and anti-dumping taxes up to 76.64 percent. The European Commission at the end of January decided to levy heavy duties on another Chinese steel product, with rates ranging between 30.7 percent and 64.9 percent.

      For China's steel industry, with its average profit margin of 5 percent to 10 percent, the taxes are more than enough to completely drive Chinese companies out of the overseas markets, analysts said.

      The two cases signaled looming trade pressures for the world's second largest economy that had once thrived on exports.

      "The global trade [situation] is deteriorating and will become even grimmer in 2017," Wang said, predicting Chinese steel and aluminum products will continue to be main targets of trade investigations.

      The world's largest exporter has born the brunt of rising protectionism amid the feeble global economic recovery.

      Chinese exporters suffered a record number 119 trade remedy investigations initiated by 27 countries or regions last year, a 36.8 percent increase from 2015. Those cases involved 14.34 billion U.S. dollars of goods, up 76 percent year on year.

      Weighed on by trade remedies, China's full-year exports in 2016 dropped 2 percent in yuan-denominated terms, and imports up slightly by 0.6 percent, customs data showed. Its trade surplus dropped 9.1 percent.

      "Protectionism is becoming increasingly serious, not only because of surging trade probes, but the disregard for and abuse of established rules of some members of the World Trade Organization (WTO), which have further compounded the international circumstance," Wang said.

      To easily impose exorbitant tariffs on Chinese products, the United States and EU still use costs of production in a third country to calculate the value of products from countries on its "non-market economy" list, which includes China.

      The unfair and unreasonable practice should have expired at the end of 2016, according to agreements signed when China joined the WTO in 2001. But the United States has refused to grant China equal trade status, and the EU, although mulling abolishment of its "non-market economy" list, has proposed new restrictions to legalize the old practice.

      Trade remedies have been politicized and become an expedient for some countries and regions to transfer domestic economic pressure, Wang said.

      Under a prolonged economic downturn, protectionism is on the rise around the globe. The monthly average trade investigations launched by WTO members in 2016 reached the highest level since 2009.

       

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 久久综合亚洲色HEZYO国产| 可以免费看黄视频的网站| 免费h成人黄漫画嘿咻破解版| 亚洲色欲色欱wwW在线| 在线观看日本免费a∨视频| 亚洲伊人久久大香线蕉| 一二三四视频在线观看中文版免费| 亚洲免费福利视频| 999国内精品永久免费观看| 亚洲一区二区久久| 亚洲国产成人高清在线观看 | 无码精品A∨在线观看免费| 亚洲精品中文字幕麻豆| 国产成人免费午夜在线观看| 亚洲精品**中文毛片| 国产v精品成人免费视频400条| 国内精品久久久久影院亚洲| 永久久久免费浮力影院| 亚洲AV无码成人精品区天堂| 久久久久免费精品国产| 亚洲理论在线观看| 热久久精品免费视频| 一级a性色生活片久久无少妇一级婬片免费放 | 美女视频黄免费亚洲| 亚洲AV成人一区二区三区观看| 亚洲AV无码乱码在线观看| 你是我的城池营垒免费观看完整版| 在线视频免费观看高清| 亚洲高清国产拍精品熟女| 亚洲中文字幕丝袜制服一区| 久久久久久久岛国免费播放 | 亚洲欧洲自拍拍偷午夜色无码| 日本视频免费高清一本18| 国产aa免费视频| 久久亚洲国产成人影院| 国产又粗又长又硬免费视频| 两个人看www免费视频| 久久精品国产亚洲av麻豆图片| 免费大学生国产在线观看p| 99麻豆久久久国产精品免费| 亚洲一卡2卡3卡4卡国产网站|