Home / Knowledge / News / We will not adopt 'Buy Chinese goods' policy- Commerce Ministry
We will not adopt 'Buy Chinese goods' policy- Commerce Ministry
Feb '09
Mr Jiang Zengwei
Mr Jiang Zengwei
China will not adopt the 'Buy China goods' policy and “we will treat domestic and foreign goods equally, as long as there is demand”, said, Mr Jiang Zengwei, Vice-Minister, Ministry of Commerce. Recently the new US administration had adopted a similar resolution in its new stimulus package.

Jiang Zengwei pointed out that, every country should vigorously develop international trade, in order to meet the consumer demand for commodities or services. Under the premise of economic integration in the world, it cannot satisfy one own country's market demand by merely restricting production and sales within the country.

He said, more than 80 percent of China's raw material requirements are met by domestic production, but a considerable quantities of goods also need to be imported from global markets, which not only includes raw materials and luxury goods, but also agricultural products. China imports wheat and soybeans from the US, Canada and Australia to make up for the shortfall in domestic production.

In context of the international financial crisis, the provision of 'Buy American' is one of the symptoms of trade protectionism that is picking up pace among nations worldwide. Despite the rise of international trade protectionism, China still treats domestic goods and foreign goods equally, reflecting the responsible attitude of a big country.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search