日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Global economic woes mire China in trade rows

By Ding Qingfen and Li Jiabao (China Daily) Updated: 2012-09-19 09:47

"2012 will be a difficult year for China and its exports," said Yu Miaojie, a professor at Peking University's national development research institute.

"To reduce the US' trade deficit with China, the Obama administration will try to use trade disputes to reduce its imports of certain types of goods from China," he said.

Global economic woes mire China in trade rows

The EU has been no less aggressive. In March, the European Commission, the bloc's executive body, said it was considering imposing duties on Chinese products that it alleged were subsidized. In doing so, it said it believed European companies were hesitant to attempt to have protective measures applied, saying they feared China would retaliate.

Trade experts have said imposing the proposed duties would violate WTO rules.

Two months later, reports appeared, saying that the European Commission had also prepared a case against Huawei Technologies Co Ltd and ZTE Corp, both Chinese telecommunications equipment companies.

Economists and trade experts say such cases are becoming ever more common as the global economy weakens and unemployment rates remain high in many rich countries.

The US and the EU are China's two chief trade partners and both are struggling with economic difficulties.

The US' GDP growth slowed to 1.5 percent in the second quarter of 2012, when consumer spending dropped to its slowest pace in the year. That was the most anemic rate the country has seen since the third quarter of 2011, according to the US Commerce Department.

The country's economic growth is expected to further decelerate in the third quarter, falling to a rate of between 1 and 1.5 percent, according to economists' forecasts.

The US is also struggling with a high rate of unemployment. In June, the rate stood at 8.2 percent.

Meanwhile, the German Constitutional Court has ruled that the European Stability Mechanism, a proposed fund that would be used to bail out eurozone countries, is legal. European countries' prospects, though, have not brightened greatly.

The credit rating business Moody's Investors Service recently changed its outlook for three European countries - Germany, the Netherlands and Luxembourg - taking it from a stable rating to a negative one.

"There is increasing concern worldwide about the eurozone," said Wang Yiming, vice-president of the National Development and Reform Commission's Academy of Macroeconomic Research.

Shift to high-end

"I don't think these trade frictions will get out of control, and there is little possibility that they will turn into a trade war," said Zhang from the ministry.

Yu from Peking University agreed.

"I don't see any possibility of there being a trade war between China and its chief trade partners in the short term," he said. "But both the Chinese government and domestic companies have to take measures to prevent other possible trade investigations."

Zhang warned that the current wave of protectionism could be the start of a long-term trend.

"An increasing number of these cases appear to target advanced Chinese industries, including those involved in high technology and services, rather than older types of manufacturing," he said.

"We should be very mindful of this."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人短视频在线免费观看 | 国产亚洲欧美一区二区三区 | 香蕉视频入口 | 国产精品jizz | 婷婷在线看 | 黄网在线免费看 | 99热在线观看免费精品 | 免费av网址在线观看 | 国产专区在线 | 日韩网站在线 | 久久精品2| 激情伊人| 久久手机看片 | 日韩大片免费观看 | 91在线播| 经典av在线 | 久久成人免费 | 亚洲精品中文字幕在线 | a天堂在线 | 四虎影视精品 | 成人免费黄| 久久爱www| 国产激情片 | 69性视频 | 中文字幕第一页在线播放 | 成人综合色站 | 国产精品网站在线 | 单身男女免费观看国语高清 | 麻豆国产精品777777在线 | 精品视频久久久久久 | 中文字幕在线观看日本 | 青娱乐成人 | 日本裸体网站 | 九九热在线视频观看 | 久久三级视频 | 蜜臀久久99精品久久久画质超高清 | av播放网站| 欲妇荡岳丰满少妇岳91白洁 | 久久婷婷视频 | 国产精品久久久久久久久久久久午夜片 | 极品美女一区二区三区 |