Yao Jian, spokesman of Ministry of Commerce of China, takes questions at a press conference in Beijing, China, Feb. 16, 2009. The press conference held Monday was mainly about China's domestic market and international trade. (Xinhua Photo)Photo Gallery>>>
BEIJING, Feb. 16 (Xinhua) -- China's Ministry of Commerce (MOC) voiced concern Monday about trade protectionism, amid fears that such action would aggravate the economic downturn.
MOC spokesman Yao Jian told a press conference 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 787-billion-U.S.-dollar 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 give its full support to the World Trade Organization (WTO) to restrain 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. It may urge member countries to commit to their free trading strategy," he said.
Official: China not to practice "Buy China"
BEIJING, Feb. 9 (Xinhua) -- China won't resort to trade protectionism with a plan similar to the "Buy America" provision that bans foreign products in domestic stimulus projects, said a Ministry of Commerce (MOC) official here Monday.
"We won't practice 'Buy China'," said Vice Commerce Minister Jiang Zengwei at a press conference. "We'll treat domestic and foreign products equally as long as they are needed."CEA: "Buy American" provisions to hurt U.S. economy, lead to trade war
WASHINGTON, Feb. 13 (Xinhua) -- The U.S. Consumer Electronics Association (CEA) warned on Friday the "Buy American" provisions in the economic stimulus package would hurt the U.S. economy and lead to a trade war.
"The 'Buy American' provisions in the stimulus bill will signal to our trading partners around the world that the United States is returning to the bad old days of protectionism and economic nationalism," CEA President and CEO Gary Shapiro said in a statement.
BEIJING, Feb. 16 (Xinhua) -- China's Ministry of Commerce (MOC) voiced concern Monday about trade protectionism, amid fears that such action would aggravate the economic downturn.
MOC spokesman Yao Jian told a press conference 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 787-billion-U.S.-dollar 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 give its full support to the World Trade Organization (WTO) to restrain 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. It may urge member countries to commit to their free trading strategy," he said.
Official: China not to practice "Buy China"
BEIJING, Feb. 9 (Xinhua) -- China won't resort to trade protectionism with a plan similar to the "Buy America" provision that bans foreign products in domestic stimulus projects, said a Ministry of Commerce (MOC) official here Monday.
"We won't practice 'Buy China'," said Vice Commerce Minister Jiang Zengwei at a press conference. "We'll treat domestic and foreign products equally as long as they are needed."CEA: "Buy American" provisions to hurt U.S. economy, lead to trade war
WASHINGTON, Feb. 13 (Xinhua) -- The U.S. Consumer Electronics Association (CEA) warned on Friday the "Buy American" provisions in the economic stimulus package would hurt the U.S. economy and lead to a trade war.
"The 'Buy American' provisions in the stimulus bill will signal to our trading partners around the world that the United States is returning to the bad old days of protectionism and economic nationalism," CEA President and CEO Gary Shapiro said in a statement.
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