MOC: Trade friction rather than trade war between China and US

Tuesday, 09 February 2010 16:35:24 (GMT+3)   |  
       

On February 8, vice minister at China's Ministry of Commerce (MOC), Zhong Shan, stated that the recent trade friction between China and the US would not trigger a trade war between the two sides.

The vice minister said that, during the past year when the world economy was in difficulty, China came under great external pressure, becoming the biggest victim of the rise in trade protectionism. In 2009, he said, there were about 116 trade protectionism cases against Chinese exports, involving a total value of $12.7 billion.

Mr. Zhong stated that, in spite of the increased trade friction between China and the US, he believed that the friction would not trigger a trade war between the two. He also emphasized that the Chinese government would resolutely fight trade protectionism and oppose the abuse of trade remedy measures, aiming to solve trade disputes and friction through communication and bilateral cooperation.


Similar articles

US ITC decides to conduct sunset review of rebar from seven countries

10 Oct | Steel News

US DOC rules Chinese stainless steel sinks were dumped in the US

02 Oct | Steel News

WTO agrees to investigate US duties on $7.3 billion in Chinese products

01 Oct | Steel News

US wire rod import market takes a breather

05 Sep | Longs and Billet

WTO to investigate US duties on Indian flat rolled

03 Sep | Steel News

US Commerce Department initiates review of Chinese pipe

31 Aug | Steel News

US wire rod market eyes dropping import prices with suspicion

29 Aug | Longs and Billet

CBSA sets duties on pipe from seven countries

15 Aug | Steel News

US DOC makes determinations in cases against stainless bar and carbon plate

10 Aug | Steel News

US DOC issues mixed results on flat steel from China

02 Aug | Steel News