China Expects Trade Protectionism To Rise Next Year

2011/12/15 14:44:00 25

China's minister of Commerce, Chen Deming, said on Wednesday that China expects trade frictions to increase next year as the global market is shrinking because of the weak economy in Europe and the United States.

Chen Deming was held in Geneva by the BRIC trade minister.

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"Trade protectionism is likely to become more serious next year, because we expect the global market to shrink next year," the conference said.

"Look at the countries around us, such as Europe and the United States, and we will face the plight of these two regions.

Chen Deming said: "China is committed to advancing trade liberalization, and we will honour our commitments.

We say we will not abuse.

Trade

Relief measures.

At the same time, we are not worried about other countries using trade remedy or protectionism.

We will protect ourselves by the rules of the WTO multilateralism. "

He said that China's exports fell by about 2% a month in the past three months, mainly due to Europe and the United States.

market

Atrophy.

"Therefore, we will continue to work hard to stabilize exports next year, and at the same time, through continuous expansion of exports, we will strike a balance of trade against protectionism.