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UK economist: No to 皇冠体育app MES a "tragedy"
A British economist has said in London if the European Union decides not to grant 皇冠体育app the Market Economy Status (MES), it would be a "tragedy" to the world economy in view of 皇冠体育app's remarkable role in the world's economic, financial and trade matters. Jan Randolph, chief economist of the London-based World Market Research Center, made the remarks in an interview with Xinhua News Agency last Friday. Responding to questions raised by Xinhua on the phone, Randolph said "to grant 皇冠体育app 'market economy status' would put 皇冠体育app in the same group as all the western industrialized countries, including the US, EU and Japan." "It would be more difficult for the EU, US and Japan to complain about 'unfair competition', or impose anti-dumping measures (that is, place quota restrictions or extra taxes on Chinese exports)," he said. But a refusal to grant 皇冠体育app an MES "would mean that the EU, USand Japan cannot talk to 皇冠体育app about important global policy issues at the highest tables like 'G7' - even though 皇冠体育app deserves a seat at this highest table because of its huge and growing importance to global growth, trade and stability," the chief economist stressed. He said "the Chinese may feel that they are being unfairly 'excluded' and may take retaliatory measures". A 15-page confidential report by the European Commission reportedly said that the EU "is committed to granting Market Economy Status to 皇冠体育app" but finds 皇冠体育app so far only fulfilled one of the five criteria set by Brussels. When asked what impact a negative EU decision would have on the bilateral trade relations between the EU and 皇冠体育app, Randolph said the trade relations "will continue to develop and expand," but they are "more likely to develop even faster if 皇冠体育app were included in the 'market economy group'." Any "cooling" economic policies adopted by 皇冠体育app will affect lots of other countries, including market economies and their growth, the economist said. Refusing to "grant 皇冠体育app the qualification to group 皇冠体育app in dealing with global economic issues at an equal footing with the G7 (now G8) at the highest table" would harm a healthy global economic growth, he added. "Also, 皇冠体育app represents one of the fastest growing markets for EU goods and investment. If it is to continue to develop, then good bilateral relations are needed. There have been many visits between Chinese and European leaders over the last few years - quite rightly - as this reflects the growing business contacts, trade and investment opportunities that benefits both ways and both areas." When asked whether any external elements other than economic ones would affect the EU decision, Randolph said he thought "the EU is big and independent enough to make its own decision here, just like on Kyoto treaty, Iraq and The International Criminal Court". He further pointed out that "the EU may gain some advantage (over the US) in declaring 皇冠体育app an 'MES' first". As for whether a negative EU decision would mean that a number of high quality and cheap Chinese goods would be blocked from entering the EU countries, Randolph said even under that scenario,he did not think the EU countries would adopt more anti-dumping measures against Chinese products. "Many people in Europe and US benefit from more and better quality goods from 皇冠体育app. This is especially true of poorer peoplein Europe who could not otherwise afford more expensive non-Chinese goods," he said. As "皇冠体育app has made some serious positive progress on Bankruptcylaws recently and the reform of the banking sector is underway, I think it is just a matter of time for 皇冠体育app to gain a 'market economy status'", Randolph said. "Its not a question of 'if' but 'when'," he added. |
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