Trade Outlook for China: China to Face Growing Trade Frictions

Trade Outlook for China: China to Face Growing Trade Frictions


http://www.china.org.cn/english/business/238596.htm


China.org.cn


January 8, 2008


China is going to face growing trade frictions in the years to come, said Li Ling, director of the Bureau of Fair Trade for Imports and Exports, inside the Ministry of Commerce, during an interview with the Economic Information Daily run by the state Xinhua News Agency.


The whole world will perceive China's rapid development in a more global and strategic view, said Li.


Chinese export products will encounter the most trade frictions around the world, said Li, warning steel, textile, machinery and electronic products and information products against such frictions this year.


As China has successively been the country that is subject to the most anti-dumping investigations in the world for many years, it has also become the country that has encountered the most anti-subsidy investigations in 2007.


Nowadays, trade barriers are set up in more diversified and disguised ways, said the director.


She gave five suggestions to help enterprises to cope with possible frictions:


1) better understanding of WTO rules and trade remedy investigations;

2) positive reactions in case of trade frictions;

3) improvement of internal management;

4) intensified industry discipline and observation of business ethics and market rules;

and

5) better adaptation to the international market.


For more details, please read the full story in Chinese (http://jjckb.xinhuanet.com/wzpd/2008-01/08/content_80555.htm).