Foreign trade still to nation's advantage

Source: Xinhua | July 6, 2009, Monday |

Print Edition

CHINA did not lose its advantages in foreign trade despite the global downturn and could retain foreign trade levels above the global average once the global economy recovered, a senior Chinese official said over the weekend.

Yi Xiaozhun, vice commerce minister, was speaking at the Global Think Tank Summit that ended on Saturday in Beijing.

Though China's foreign trade would not rise sharply as it did in the past few years, the country did not lose its foreign trade advantages thanks to policies to stimulate domestic demand, Yi said.

He said China had been diversifying foreign trade and reported increased trade with countries in Africa, the Middle East, Middle Asia and Latin America.

Yi also called for halt on protectionism, saying it had been picking up and about 40 percent of anti-dumping cases and 70 percent of anti-subsidy cases targeted China.

He called for pushing forward the Doha Round negotiation, which he believed was the key in fighting against protectionism.

Economy

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Foreign trade still to nation's advantage

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