A top government think-tank warned that China is likely to suffer from the rising trade protectionism against the backdrop of the worsening financial crisis.
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 Read more…
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China, crisis, economy, export, import, protectionism, trade
A series of trade barriers will be caused by the “buy American” products only clause in the $787-billion US economic stimulus package while large exporters, such as China will be hurt by this move, economists said last Sunday.
It is obvious that trade protection is certain to rise, said Mei Xinyu, a trade expert form the Ministry of Commerce. The current situation will stay for some time, he said, referring to the lasting effects caused by the US stimulus package. Read more…
Popularity: 4% [?]
China, economy, protectionism, recession, trade, U.S., world
A top government think-tank warned that China is likely to suffer from the rising trade protectionism against the backdrop of the worsening financial crisis. 