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    China'S Foreign Trade Does Not Conform To The Rules Of Individual Countries.

    2012/3/16 13:22:00 16

    China'S Foreign Trade Rules

    For Sino US trade and recent US accusations of China's trade

    policy

    The Secretary of Commerce, Chen Deming, said at a news conference this morning that China is complying with the rules of World Trade and does not have to abide by the rules of individual countries.


    Dealing with us investigation with WTO rules


    Chen Deming said recently that the United States has criticized the so-called "China's failure to abide by the rules" from the relevant members of the Congress, as well as the relevant parties.


    "China adheres to those international organizations that we join.

    rule

    For example, in terms of economy and trade, as a new member and developing member, we abide by the rules of the WTO, but we have no obligation to comply with the internal laws and regulations beyond the rules of these international organizations. "

    Chen Deming said that on the issue of subsidies, WTO rules divided subsidies into prohibited subsidies and actionable ones.

    subsidy

    This is a very broad concept. Most of the members of the WTO have different kinds of subsidies. The understanding of subsidies also has different meanings.

    For example, after the economic crisis, many countries, especially the United States, subsidized the financial resources of the government, such as the three largest automobile companies in the United States, and other industries in the United States.

    Because of the repeated call of the heads of state of G20, China did not implement new means of protection during the financial crisis, and did not accuse the US of its subsidies.


    No understanding of illegal acts in the United States


    The president of the United States recently signed a presidential decree focusing on the possibility of damaging American businesses.

    To this end, the United States set up a specialized agency, which regards China as a key target.

    Chen Deming said that China is concerned about whether the US side's investigation is within the WTO rules.

    China will protect the rights of Chinese enterprises in accordance with the law and will take advantage of WTO rules.


    Chen Deming said that it was incomprehensible that the United States launched an anti-dumping and countervailing investigation in 2006, and launched 31 cases, of which 24 cases have received double high tariffs on China and prevented Chinese goods from going to the United States.

    Then China appealed to the International Trade Court of the United States in accordance with the laws of the United States.

    In 2010, the US Trade Court sentenced the US Department of Commerce to lose.

    The US Department of Commerce refused to accept an appeal to the United States circuit court of appeal.

    By the end of 2011, the US Federal Circuit Court failed to win the judgment of the US Department of Commerce.

    Because the US law prohibits countervailing investigations to non market economy countries, while the United States believes that China is a non market economy country.


    "At this time, I am waiting for the US Department of Commerce, which has always accused others of not following the rules, to abide by the rules to correct their mistakes.

    But in fact, no, on the two day, the US Congress passed an amendment bill which provides countervailing investigations to non market economy countries, and stipulates that this can be traced back to 2006, but most of the laws in the world are not allowed to trace back to the past.

    Chen Deming said so.


    WTO should study dollar issue.


    Recently, an organization under the WTO is preparing to study the RMB issue. Chen Deming expressed no understanding.


    "I thought I was wrong. Because the US deficit is so big, how can we not push ahead with the reform of the US dollar instead of pushing forward the reform of the RMB?" Chen Deming believes that the conference is only a seminar, and the Chinese side will send members to take part in it.

    But WTO only has a say in trade issues and has no say in the reform of the renminbi.


    Chen Deming also said that the US trade deficit last year was US $about 730000000000, and China's trade surplus was US $150 billion. What caused the US trade deficit to be so large? We need to sit down and study it carefully.


    In terms of trade between China and Europe, Chen Deming hoped that trade between the euro area and Europe could go out of the present shadow, hoping that Europe would tighten up while developing the economy.

    He said: "in recent years, the investment of Chinese enterprises to Europe has increased substantially, which is the quality of Chinese people.


    Chinese assets damaged in Libya


    Chen Deming said that protecting the safety of personnel and property of Chinese funded enterprises overseas is the responsibility of many departments of the Chinese Ministry of Commerce, including the Ministry of Commerce.

    Since last year, the "Arabia spring" in the Middle East has changed in many countries, especially the civil war in Libya, which has led to the damage of Chinese enterprises.

    While Chinese personnel were evacuated from Libya, they also made some preparations for leaving behind some projects. One was a small number of Chinese employees, most of whom were commissioned by local organizations and local people.


    "I can say responsibly that China has no investment in Libya, but there are tens of billions of dollars in construction projects."

    Chen Deming said that last year, the Ministry of Commerce sent an investigation team to Libya to see whether the Chinese project in Libya can continue to build, and whether the regional security has reached the level where our workers can go back.

    It is understood that some of these projects have been completed, and wait for acceptance, and some are still under construction.

    According to the survey, most of these projects are in the suburbs. Unfortunately, during the civil war in Libya, these projects were damaged by war.

    Chen Deming hoped that Libya would solve the problem of damage to China's construction projects in accordance with international rules.


    China's trade surplus has dropped to a reasonable range.


    "Last year, the proportion of China's trade surplus in gross domestic product has decreased from 3.1% in 2010 to 2.1%, and it is now in an internationally recognized reasonable range."

    Chen Deming said that in terms of foreign trade, China's imports and exports increased by 22.5% last year, but the surplus was 155 billion 100 million US dollars, down 14.5%.


    In January this year, China's foreign trade showed a negative growth.

    Chen Deming believes that this is related to the Spring Festival. If we look at it in December, the increase will be 7%.

    However, since August last year, our export growth has been decreasing month by month. In August last year, exports increased by 27%. In December, the growth rate was only about 12%.


    Chen Deming said that the main reason for the decline in foreign trade growth is the overall tightening of the internal and external environment.

    From an international perspective, the financial crisis is deepening and spreading, especially the problem of European debt affecting European consumption.

    From the domestic perspective, there are also factors that push costs up.


    This year's foreign trade is to achieve Premier Wen's annual growth of about 10% in the "government work report", one is steady growth, the two is to adjust the structure, and the three is to promote balance.

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