According to Women’s Wear Daily, China’s deputy minister of commerce, Qiu Hong, told a WTO session that trade protectionism is on the rise.  If such problems continue to mount, the Chinese believe it could adversely affect the global economy.

In other news, Women’s Wear Daily also reported today that in 2007, China was once again the main source of counterfeit goods seized in the EU, comprising nearly 60 percent of all fake goods. 

Last week, the WTO urged China to stop undervaluing its currency, while the USTR joined calls for China to end export restrictions that are causing “significant distortions to trade.”

No word yet if Qiu Hong sees the irony in his recent complaints about protectionism.
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This entry was posted on Tuesday, May 27th, 2008 at 6:22 pm and is filed under Holding China Accountable. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.