Home / Knowledge / News / 'Trade protection will make situation more difficult' - MOC spokesman
'Trade protection will make situation more difficult' - MOC spokesman
18
Feb '09
At a recent news conference, held by the Ministry of Commerce, spokesperson of the Ministry, Mr Yao Jian explained in detail views of the Chinese government towards trade protectionism. He elucidated by saying that the government was looking at the policy of protectionism from four different aspects.

Listing out the aspects he said, “The first is in context of domestic markets. Domestic consumer goods market continued to maintain stable and rapid growth in 2008. The contribution of domestic consumption to economic growth further manifested. The state has introduced a number of policies to expand domestic demand and stimulate economic growth since the fourth quarter of last year; the effects of which are now beginning to appear”.

Moving further, he said, “The second aspect is with regards to foreign direct investment (FDI) in China. The country received FDI amounting to US $108.3 billion in 2008, up 29.7 percent year-on-year. China has been taking the first place for attracting foreign capital among developing countries for 17 successive; we have full confidence in China's future in attracting foreign investment”.

The third aspect, he added by saying, “Is concerning the situation in international economic cooperation”. Giving details he said, “In January this year, China undertook projects worth $2.83 billion in overseas markets, an increase of 23 percent year-on-year, of which Asia accounted for 44.2 percent, Africa 37.1 percent, Europe 9.5 percent, Latin America 3.9 percent, North America 1.4 percent and finally Oceania accounted for 3.9 percent”.

With regards to the fourth aspect, Mr Jian said, “It concerns with China's response to trade friction and opposing trade protectionism. At present, having been impacted by the economic turmoil, some countries have introduced a wide variety of trade protection measures. These trade protection measures can be divided into two main categories”.

“First, is abuse of trade remedy measures permitted by WTO rules, which are mainly anti-dumping, countervailing, safeguard measures and special safeguard measures. The second way of protectionist measures is to make use of traditional customs and non-tariff barriers”.

He continued, “For example in the second instance, some countries raise import tariffs or take measures to prohibit or restrict imports. In addition, they also introduce technical barriers to bar free trade, while some other countries put forward proposals of buying their own country products as part of stimulating national economic programs. China is deeply worried about these trends”.

He warned other countries by firmly saying, “We oppose any form of trade protectionism and suggest that countries should resolve international trade problems through cooperation and consultations. We believe that trade protection measures will make the already dire economic situation more difficult and countries should strengthen cooperation and consultation that is in line with the fundamental interests of all countries”.

He concluded by saying, “The Ministry of Commerce attaches great importance to dealing with trade frictions, and propose to resolve problems through consultations and also earnestly safeguard the interests of Chinese enterprises. We will closely follow the latest trends of trade protection measures and take effective measures to cope with them. As an open and major country, China will provide greater market space and more investment opportunities to other countries”.

Fibre2fashion News Desk - China


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search