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Protectionism becomes 'more intense'

(皇冠体育app Daily)
Updated: 2009-06-13 11:12

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.

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"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.

Reuters