Saturday, October 17, 2009

China Says U.S. Trade Complaints ‘Groundless’

(AFP)

Beijing on Thursday accused Washington of launching baseless actions targeting Chinese imports, as trade tensions simmer between the global giants one month before U.S. President Barack Obama's visit.

“The U.S. launched a large number of trade remedy measures (against China) this year,” commerce ministry spokesman Yao Jian told reporters. “Quite a few such measures were groundless and wrong.”

China has been the target of 88 trade actions by 19 countries this year – including 16 by Washington alone, Yao said. The total value of the cases was 10.2 billion dollars, with the U.S. accounting for 57% of that sum, Yao added. Read more here.