Chinese Vice Minister of Commerce Zhong Shan reiterated Chinaâ€™s opposition to trade protectionism on the 8th. He also said that the recent trade friction between China and the United States will not bring about a trade war.
At a press conference at the Spring Consumer Goods Fair in Birmingham, England, Zhongshan said that China was the biggest victim of trade protectionism last year. "Last year, there were 116 cases of various trade protectionism in our country, and the amount involved ($1 billion) was indeed under great pressure. The trade dispute between China and the United States is indeed increasing, but I believe These trade frictions between China and the United States are not mainstream in the bilateral trade between the two countries, nor are they due to the current trade frictions or trade disputes that will lead to a trade war between China and the United States."
Zhong Shan delivered a speech at the opening ceremony of the exhibition
Last year, the United States successively decided to impose high tariffs on Chinese-made tires, coated paper, and petroleum steel pipes. Recently, the Ministry of Commerce of the People's Republic of China has determined that there is dumping of imported white feather broiler products originating in the United States, and decided to impose a margin on the dumping margin of relevant products from the 13th of this month. Only one day after the anti-dumping measures were introduced, the US Department of Commerce decided to impose anti-dumping duties of up to 230% on gift boxes and packaging ribbons produced in China.
Zhong Shan stressed that the two sides should resolve the dispute through dialogue. "The Chinese government resolutely opposes trade protectionism, opposes the abuse of trade sanctions, and advocates the liberalization of trade and investment. We hope to properly resolve trade disputes and trade frictions through equal dialogue and consultation."
Regarding the pressure on the international demand for RMB appreciation, Zhongshan stressed that maintaining a reasonable balance and basic stability of the RMB exchange rate is not only beneficial to the Chinese economy, but also beneficial to the world economy.
The impact of trade friction on China's export lamps:
From the perspective of the destination countries for lighting exports, exports are mainly concentrated in Europe and the United States, such as the United States, the United Kingdom, Germany, and developed countries like Japan.
The current status of the US lighting market According to the statistics published by the US Business News, in 1997, the total sales of American lamps and related products was about 8.6 billion US dollars, in 1971.
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