CCTV.com - CNTV English - CCTV News

China "gravely concerned" over EU's trade probe into modems from China

07-02-2010 09:39 BJT

BEIJING, July 1 (Xinhua) -- China on Thursday voiced "grave concern" over the trade probe of imported Chinese-made wireless wide-area networking modems launched by the European Union (EU).

On Wednesday, the EU began an investigation into safeguard measures concerning the import of Chinese-made modems and an anti-dumping probe into these imports, worth 4.1 billion U.S. dollars.

An unnamed official with the Ministry of Commerce (MOC) said in a statement posted on its website that the Chinese wireless wide-area networking modems are high-tech products, which have promoted innovation, opened new markets and also benefited consumers.

"The EU's move is typical trade protectionism and abuses trade remedies. It will not only hamper the EU' s economic recovery, but also impair China' s interests and technological progress", the MOC official said.

He added that the EU probes runs contrary to the consensus the G-20 leaders reached during their meeting in Toronto over the weekend.

He noted China and the EU are important trading partners, which lays a solid foundation of Sino-EU relations. China has been advocating discussions and consultations with the EU to deal with trade friction and to also encourage cooperation between business enterprises from the two regions, rather than resorting to trade protectionism measures.

China will closely watch the progress of the investigation while abiding by the rules of the World Trade Organization. Also, it retains the right to launch further measures to deal with these developments, the official said.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program