Tuesday, February 2, 2010

China Says US Protectionism Endangers Trade Ties

(AFP)

China accused the United States of protectionism that has “seriously affected” their trade ties, state media reported late Monday, amid a worsening spat between the two countries.

Ministry of Commerce spokesman Yao Jian made the comments on the ministry’s web site in response to US moves to impose anti-dumping duties on electric blankets and wire trays from China, news agency Xinhua said.

“Since the outbreak of the financial crisis, the US trade protectionism has been apparently on the rise, and China has become the biggest victim of US abuse of trade relief measures,” Yao said, according to Xinhua. Read more here.

Related: Five Political Risks to Watch in China (Reuters)