Demand from China becomes the ‘ballast’ for global growth (2)

The world should accord fair treatment to China's growth

Although the demand from China has saved the global economy, the American and European countries, while sharing the fruits of China's economic growth, have built up an economic fence with trade barriers and blocked the products and investment from China.

Zhang Guobao, vice chairman of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference said in the Annual Meeting of China's Economy that the U.S. and European debts have brought about sluggish world economy, rising trade protectionism, and increasing trade frictions.

In 2010, China received a total of 66 trade remedy investigations, 58 of which were initiated by the U.S. International Trade Commission. 19 cases in the "337" survey were against China, accounting for one third of the total number of investigations. Besides the traditional means of tariffs, quotas, and anti-dumping policy, other pretexts are thrown about such as anti-subsidy, technical barriers, intellectual property rights, emission standards, and national security. In addition, over 70 percent of the anti-subsidy cases were directed against China's industrial policies as well as state-owned enterprises.

The experts believe that the world should accept China and more importantly should accord fair treatment to China. China's economic development is inseparable from the world while the recovery of the world economy will be dependent on China all the more. Without Chinese demand and market, it would be more difficult for the U.S. and European economies to walk out of the quagmire. Only by treating China kindly, can the world share the fruits of economic growth with china and create an economic win-win situation.

Read the Chinese version at: 中国需求成全球增长“压舱石”, Source: People's Daily Overseas Edition, Author: Zhou Xiaoyuan