In accordance with the report by the Development Research Center of the State Council, China will become the main objective of trade protectionism, and this behavior will make the exporting environment worse in China.

The nation’s export sector saw a rapid growth since China joined WTO in 2001. The surplus trade helped the country gather $1.95 trillion in foreign exchange reserves, which ranked the first in the world. In 2008, the surplus trade reached 295.46 billion Yuan, due to this situation, many foreign countries started to adopt their trade protectionism measures.

A six-month ban on toy imports from China has been carried out by the Indian government on Jan 23. Meanwhile, Chinese government claimed that China would file a case at WTO against the ban to import Chinese fowls.

The Ministry of Commerce reported that China is still one of the countries that are under anti-dumping probes since 1995.

This report also said that US government’s ‘Buy America’ clause caused a rise of trade protectionism all around the world.

A study released on March 17th by the World Bank showed that 17 of the G20 group have launched trade-restricting measures since last November.

At the G20 summit that was held on November 15th, Leaders of G20 group countries agreed to avoid setting trade barriers, but, in contrast, up to 47 measures which restrict trade have been taken in those countries since the end of the meeting.

China’s commerce minister, Chen Deming, said that China would definitely say no to protectionism and would give some useful suggestions in trade talks held in Doha.

The report suggested that China still need to support the labor-intensive export sector because it could provide about 40 million job chances every year.

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Wan Qingliang, Vice-Governor, said that the website www.gd218.org.cn will function as an effective tool for the businesses in Guangdong at the lunch ceremony. It will report the messages related to global markets and government trade policies as well.

The global financial crisis has exerted a great influence on Guangdong economy and its foreign trade. The government has taken some measures with to help the local companies overcome the global financial crisis. Among these measures, the opening of the website is just one of these measures, he added.

According to Wan, with the website, companies can apply for documents and licenses. They also can put forward advice and ask for help from the officials who are responsible for foreign trade in Guangdong Province.

The total of imports and exports amounted to 36.6 billion yuan (i.e. $5.3 billion) in January. It decreased by 31% compared to the same period last year, he said.

They are confronted with great challenges of foreign trade which they have never met before, he said.

Liang Yaowen, the director of the provincial foreign trade and economic cooperation department, said that the foreign trade of Guangdong is likely to decline in the first four months of this year, when he addressed at a banquet for trade officials.

Liang analyzed that many firms are buying fewer raw materials from foreign countries. Therefore, the sales of their own goods will have a worse prospect in the foreign market naturally.

Besides, some hi-tech companies, such as Fox-conn which is funded by Taiwan and Flextronics which is funded by Singapore, have reduced their businesses due to the global economic depression, he said.

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Compared with the last year, the General Administration of Customs figures, exposed in February 11, fell 17.5 percent. Thus the 2.8 percent fall in December seems of little impact.

More dramatically, imports dropped down to 43.1 percent year-on-year.

There even occurred a rare decline in monthly foreign trade since the reforming and opening up 30 years ago. That’s the 29 percent year-on-year fall of the combined foreign trade in January.

It’s possible for the foreign trade to continue to drop in the more months to come since the global financial crisis is still clouded. It’s predicted by Su Chang, a macro-economic analyst with China Economic Business Monitor that foreign trade would decline by 10 percent in the first three month of this year. He said, “China’s year record may come to be negative, too. But due to the fall in prices of industrial materials the decline in imports would be substantial.”

One year ago, prices of primary goods which China mainly imports, stood on its historic peek, but now they have plummeted into the trough, which he added.

However, there was an exception last month. During the spring festival, the most important festival for Chinese, we had one week of holiday in January, one month earlier than that as usual. If taking the 5 fewer working days into consideration, it’s said that export actually had a6.8 percent year-on-year rise in January and a 4.6 increase if compared with December.

Economists also pointed out another problem – the worldwide deflationary cycle. There are mainly two reasons for the sharp drop in imports. One was the falling global prices (especially prices of crude oil and farm products). The other was the dropping demand for electronic components, which was a mirror of the retrogression of the country’s manufacturing industry.

Ting Lu, economist with Merrill Lynch in Hong Kong, said that there was no way to foresee the effect brought about by the Chinese New Year, and in a note to clients in the monthly trade figures he gave his suggestion that people should show their ignorance.

It’s said by the experts that China is not the worst among its neighboring countries. Jing Ulrich, analyst with JP Morgan, shows in his recent report that when export is sending a message of warning, the situation in China is much better than some neighboring economies which rely more on hi-tech sector. And, Jing Wang, chief economist of Morgan Stanley, also made his remark that China’s export structure is relatively stable in the region because of its diversity.

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It’s reported by the Ministry that India took its stand mainly in three aspects. In the first place, seventeen trade remedy survey have been launched by the Indian government on products imported from China since October 2008. The total amount of all the products concerned, including linen fabric, tires and hot rolled steel, worthies $1.5 billion. Secondly, steel, chemical products and textile products are restricted to enter into the India market from China recently. Thirdly, India has declared its prohibition of importing toys from China for six months starting from Jan 23, 2009. With the actions taken, India has set potential dangers in the trade relations that amounts to $50 billion between the two nations.

The toy imports ban would have severe impact on China since India imported an average of 1.2 million toys from the country per week from 1992 to 2003, and the Chinese toys took a dominating position by covering 80 percent of the market share in India in 1997. As a result, China showed its attitude the moment the ban was declared. It is possible for the country to make inquiry to the World Trade Organization about whether the ban infringes WTO laws.

“The case of toys is a case of multiple interests at work,” said Subir Gokarn, chief Asia-Pacific economist of Standard & Poor’s. “The domestic industry is completely non-competitive with respect to Chinese, and they have been finding themselves hammered.”

Some analysts indicated that the ban would stimulate an incredible increase by 30 percent in the demand for Indian-made dolls, stuffed animals, puzzles and other playthings.

Dong Shizhong, Fudan university law school professor and an expert in WTO dispute settlement mechanism pointed out the serious situation that the ban would lead to. He said, “After the import restriction to China’s toy industry by India, with the spread of recession worldwide, more trade barriers will appear.”

Yao Jian, spokesman for the commerce ministry, said that in the current world economic situation, it is India’s responsibility to think of a better and more reasonable way of using trade remedy measures. He added that members of both G20 and APEC have determined to eradicate trade protectionism, and the two nations should achieve mutual benefits through adequate communication and cooperation rather than setting up trade restrictions.

Zhong Shan, the Vice-Minister of Commerce, presented his hope that better communication would ease the trade tensions between the two nations, when he fulfilled the appointment with Indian ambassador Nirupama Rao in Beijing on Feb 3.

India has turned to be the tenth top trading partner of China, judging from the fact that the bilateral trade between the two nations rose from 41.6 percent to $48.38 billion in 2008.

In summarize, what India has done against China is by no means well grounded.

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According to the senior officials, in order to check imports from the United States strictly, China will send food and drug quality control officials to the country—as US FDA has opened its offices in China.

The government plans to build three State-level food safety committees and two nationwide monitoring networks to ensure the safety of domestic consumption. Chen Zhu, Health Minister said that the move to dispatch officials to the US was based on the “principle of equality”.

During a joint press conference with US Secretary of Health and Human Services Mike Leavitt in Beijing, Chen said that after US FDA opened three offices in China, we will also have our quality officials in the US in near future.

The officials headed to the US will come from the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) and the State Food and Drug Administration (SFDA), Foreign Ministry spokesman Qin Gang said at a separate briefing, it is believed that such arrangement (sending quality control officials to each other’s country) will better the cooperation and communication in food and drug safety issues.

There has not been any timetable for the Chinese officials’ posting.

The three FDA offices in China are the first outside the US, with another two will be open in India next month and two others in Latin America the month after.

The FDA’s operations in China are expected to involve working directly with the AQSIQ, the SFDA and the Ministry of Health to build capacity, ensure standards and share inspection information.

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According to Jiang Jiemin, the company’s chairman at a shareholders meeting yesterday, the feasibility of acquiring some overseas resources companies badly influenced by the global crisis is still being discussed.

“Now the low share prices of some global resources companies provide us good opportunities,” said Jiang,” But every step we should go cautiously.” The impact the world financial turmoil bought to PetroChina was limited and under control, he said.

There are no financial problems in the company currently, but they will readjust their investment plan by giving priority to some key projects, he added.

Analysts hold the opinion that the current drop in oil prices and the constant banking crisis offer good opportunities for Chinese energy companies to commence deals they may not have chances to do before.

Han Xiaopig, senior vice-president of Beijing Falcon Pioneer Technology Co Ltd said now this is a good timing as the Western thirst for cash urgently because of the financial crisis.

China’s oil companies have increased their overseas expansion to meet the rising domestic needs. China National Petroleum Corporation, the parent company of PetroChina, said on Monday it had signed an agreement with Uzbekistan’s state oil company to jointly develop an oilfield in the Central Asian country.

China Offshore Oil Services Ltd, the nation’s largest offshore oil services provider, last month successfully expanded its operations in Europe and Asia and gave it access to international management expertise and technology.

As the rising needs of energy in China, the country’s imports of oil increase rapidly. Statistics showed that China’s oil consumption experienced around 6 percent annual growth in recent years.

Although global crisis has bought some good opportunities for China, some analysts said they should be very cautious in making decisions.

“In my opinion, the recent sharp decrease in oil prices is not a real refection of the market,” said Liu Gu, an analyst at Guotai Jun’an Securities in Shenzhen. Some analysts also suggested that Chinese oil and gas firms looking to make overseas acquisitions should set their sights on smaller targets.

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A total of 28,534 off-road vehicles with 3.0-liter engines or above, with an average unit price of $40,900, were imported in the first quarter, soaring 262.57% compared with the same period in the previous year.

In addition, the country also imported 16,624 cars with 3.0-liter engines or above during the period, up 75.28% year on year. The average unit price reached a higher $57,900. Imports of luxury auto brands such as Lexus, Mercedes-Benz, BMW, Volkswagen, Volvo and the latecomer Infiniti, increased a sharp 82% in the first quarter.

“Buying imported vehicles as a second option is a growing trend among affluent people,” said Xu Di, director of marketing department at China Automobile Trading Co Ltd.

In terms of sales, a Guangzhou-based Audi dealership witnessed a 230% year-on-year sales growth in the first quarter. Huang Weiwen, marketing director of the distributor, pointed out the luxury car market is slightly affected by economic depression and high-end consumers’ consumption temptation is also not very seriously impacted by the gloomy stock and property markets.

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From January to February, China imported 62,000 motor vehicles for $2.26 billion, up 82.6% and 93.4% respectively compared with the same period of last year. The growth rates were respectively 63.9 percentage points and 80.8 percentage points higher. In February alone, the imports were 33,000 vehicles, up 130%, the highest growth rate since January 2007.

Foreign-funded companies took up 67.4%, or 42,000 vehicles, of the country’s total imports in the first two months. And wholly-owned foreign firms imported 35,000 vehicles, up 96.5%.

Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6%, or 25,000 units, up 45.6 %.