China Suffered 64 Trade Frictions Last Year From &Nbsp, And The Commerce Ministry Said It Involved 7 Billion Dollars.
Ministry of Commerce Vice Minister of Zijin Mountain 26 2011 at the National Conference on promoting trade, said that the whole year in 2010 China encounter trade friction 64, the amount involved was about US $7 billion.
Zijin Mountain said that China is still the hardest hit area of trade protection. The trade frictions encountered in 2010 not only came from developed economies such as the US and Europe, but also from developing countries such as Brazil, Argentina and India, both aiming at Chinese traditional industries and high-tech industries.
According to China News Agency reported that China's Trade Promotion Council president Wan Ji Fei said at the meeting yesterday that China's traditional superior products are facing more and more intense competition from developing countries, and that it is very difficult to expand further. In the field of high-end products, China is still unable to compete with developed countries. The cost of domestic production factors has entered a period of concentrated rise, and the pressure of production and operation of export enterprises has increased. While developed countries are cooperating with China, the side of prevention and containment has risen, and some developing countries and emerging economies have split their interests with China, demanding higher obligations for China. The United States will also unite other countries to continue to exert pressure on RMB appreciation in various ways.
Zijin Mountain pointed out that there should be some problems that can not be ignored in the development of foreign trade, such as high dependence on tangible elements such as resources, energy, land, labor and so on, and low reliance on intangible elements such as technological progress, management and innovation.
Wan Jifei said that in 2011, CCPIT will hold economic and trade activities to promote low-carbon economy, green economy, service trade, creative industries, and the development of the Internet of things, and promote exports of products with high added value and independent intellectual property rights, and intensify efforts in "promoting exports".
China News Agency's 26 report said that in 2011, the focus of the CCPIT's work included: further promoting imports, expanding imports of advanced technology and equipment, key parts and components, promoting technological pformation of enterprises, widening the import of grain and cotton and other domestic commodities, including energy and resources, to ease domestic supply pressure; exerting the role of large double (multi) edge mechanism platforms, utilizing various exhibition resources, helping enterprises develop deep traditional markets and vigorously developing new markets such as Eastern Europe, Latin America and Africa.
Wan Jifei said: at present, the recovery trend of non employment in developed countries will continue, and consumer demand will not be greatly improved. Emerging economies will be affected by inflation and asset bubbles, and macroeconomic policies will tend to tighten and economic growth will generally fall.
Under the situation of sluggish domestic demand, countries around the world pay more attention to expanding exports. Trade restrictions in developed countries have increased significantly, and trade remedy measures among developing countries have also accelerated.
Overall, the international market demand expansion is slower than last year, and the market competition will further intensify.
Data released by the General Administration of Customs showed that in 2010, China's foreign trade import and export amounted to US $2 trillion and 972 billion 760 million, an increase of 34.7% over the same period last year.
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