CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Debt crisis may cause more trade friction

09-21-2011 10:01 BJT

BEIJING - The European debt crisis may lead to increased trade friction and hurt China's exports, Shen Danyang, Ministry of Commerce spokesman, said on Sept 20.

Recent months have seen an increase in European Union (EU) trade remedy cases targeting China.

In mid-September the EU imposed anti-dumping duties ranging from 26.3 percent to 69.7 percent on imports of ceramic tiles from China.

"As the debt crisis worsens ... trade friction will grow," Shen told a regular news conference.

"This is detrimental to China-EU economic and trade relations."

He also said that China is disappointed it has not been recognized as a market economy under world trade rules by the EU, despite its rapid economic transformation.

This lack of recognition makes it easier for other nations to launch trade remedy cases against it.

During last week's World Economic Forum in Dalian, Liaoning province, Premier Wen Jiabao suggested that the EU should accord the country full market economy status (MES).

Many observers regarded Wen's remarks as a coded message that there could be a trade-off between China offering help and the EU granting MES.

After 30 years of reform and opening-up, China has completed the transformation from a planned economy to a market economy, Shen noted.

"But the EU still does not recognize China's full market economy status. China is very disappointed."

He added that the MES is not a technical issue, but a political decision. The refusal to grant China the status does not serve anyone's long-term interests, Shen said.

He also said that China's support for the EU in coping with its debt crisis is unconditional and not related to the MES issue.

"There is no link between the two," he said.

"China has set no preconditions for offering help to others. We only hope to be treated with respect when we treat others sincerely."

 

Editor:Zhang Rui |Source: China Daily

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