BEIJING, June 26 (Xinhua) -- The government said
Friday it was "a misunderstanding" by some foreign media which had labeled
China's latest circular to boost domestic demand and step up supervision on
construction projects as "protectionism".
The remarks were jointly made by Yao Jian, spokesman
with the Ministry of Commerce, and Li Pumin, spokesman with the National
Development and Reform Commission, on Friday.
China issued a circular in early June to boost
domestic demand and step up supervision over public bidding for construction
Some media, including international news agencies AP
and Reuters, labeled it as "Buy China" stimulus measures.
The spokesmen said that China was against trade
protectionism and had been consistently sticking to mutually beneficial
principles and actively boosting economic and trade cooperation with other
countries amid the global downturn.
The circular reiterated requirements in the 2002 law
on government procurement of local products with fiscal funds and the "local
products" also include products from legal branches of foreign companies in
China, the spokesmen said.
And thus it was not new policy targeting China's
stimulus plan nor prejudice against foreign companies or goods, the spokesmen
The spokesmen said China had been applying to join
the World Trade Organization's agreement on government procurement, which
allowed member nations to bid on each other's government tenders.
China's 2002 government procurement law and
requirements on government procurement were not against international
obligations, the spokesmen said.
Chinese Premier Wen Jiabao said Thursday in a
telephone conversation with German Chancellor Angela Merkel China would never
discriminate against foreign enterprises or products.
BEIJING, June 27 (Xinhua) -- China always opposes trade protectionism and will
not take protectionist actions against overseas companies or foreign goods,
Minister of Commerce Chen Deming said here Friday.
He made the remarks when he met the Minister of Knowledge
Economy of the Republic of Korea (ROK), Lee Youn Ho.
Chen said that media reports were incorrect when they
equated China's latest circular to boost domestic demand and step up supervision
on construction projects with protectionism. Full story
BEIJING, April 10 -- China
has to learn to better handle the relations between internal and foreign trade
and between domestic and external demands to overcome the ongoing global
Traditional domestic demand includes investment and
consumption, with the former having played a pivotal role in driving the growth
of the country's GDP. But investment can also give rise to inflation and result
in an overheated economy because of an expanded credit and ever-growing
production capability. Isn't it common knowledge that large-scale investments
are followed by rigid macro-control policies? Full story