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China expresses concerns over protectionism
Source: Xinhua |
February 17, 2009, Tuesday
|
Print Edition
Print Edition
China's Ministry of Commerce yesterday voiced concerns over trade protectionism, amid fears that such action would aggravate the global economic downturn.
The ministry's spokesman, Yao Jian, told a press conference that China was "deeply concerned" over protectionism in some countries, which he didn't identify. "China is against any form of protectionism, and we propose cooperation and negotiation to solve all international trade issues," Yao said.
The United States Congress last week approved a US$787-billion stimulus plan that contains "Buy American" provisions, which limit the purchase of foreign iron, steel and manufactured goods for stimulus-funded infrastructure projects.
Yao also said China would support fully the World Trade Organization in restraining the spread of trade protectionism.
"The WTO's plan on tracking member countries' stimulus packages and the fulfillment of the measures is a good mechanism to restrain trade protectionism," he said.
The ministry's spokesman, Yao Jian, told a press conference that China was "deeply concerned" over protectionism in some countries, which he didn't identify. "China is against any form of protectionism, and we propose cooperation and negotiation to solve all international trade issues," Yao said.
The United States Congress last week approved a US$787-billion stimulus plan that contains "Buy American" provisions, which limit the purchase of foreign iron, steel and manufactured goods for stimulus-funded infrastructure projects.
Yao also said China would support fully the World Trade Organization in restraining the spread of trade protectionism.
"The WTO's plan on tracking member countries' stimulus packages and the fulfillment of the measures is a good mechanism to restrain trade protectionism," he said.
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