2009 Sees Large Rise Of Investigations Into Chinese Companies Overseas
Time：2009-7-15 Hits：440 Back
China was cited in 60 trade practice investigations in 15 countries by foreign trade partners in the first half of 2009, a figure it describes as "unprecedented both in terms of the number of cases and the value."
Chinese state media claims the rising number of commercial investigations - which total "trade worth RMB8.27 bn" - are "a sign of rising global protectionism," according to comments attributed to Liu Danyang, Vice Director with the Bureau of Fair Trade for Imports and Export
In 2008, Chinese companies were cited in a total of 62 investigations "concerning accusations of dumping, subsidies and safeguard measures, that involved USD6.2 bn." So far this year, Chinese companies have also "suffered new protectionist measures of higher tariffs, technical barriers, depreciation and trans-national investment obstruction," Lu is quoted as saying by state media. "The situation this year reveals that trade protectionism is on the rise in many countries despite global calls against it." | |
