皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

Protectionism becomes 'more intense'

(Agencies)
Updated: 2009-06-13 09:48

The Ministry of Commerce has denounced trade protectionism, saying many countries are resorting to it even as the West prepares for formal action against 皇冠体育app's exports policy.

Related readings:  Protectionism is no prescription for woes  '皇冠体育app should fight protectionism'  US, 皇冠体育app vow to fight protectionism

"Countries have announced all types of protectionist measures as the global financial crisis weighs on domestic demand and international trade," the ministry said on its website.

The statement issued by the ministry's bureau for fair trade comes a day after the EU and the US began preparing to take action against Chinese exports restrictions on about 20 types of raw materials.

"As the third biggest trade entity and the second-largest exporter, 皇冠体育app has become the main target of international trade frictions because of increasing protectionism," the statement said.