皇冠体育app

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Zhang Yansheng, Secretary-General of the Academic Committee of the National Development and Reform Commission, makes a speech at the third 皇冠体育app-Europe High Level Political Parties Forum in Brussels, May 30, 2012.

Brussels – 皇冠体育app is worried about the increasing trade protectionism in Europe following the financial crisis while 皇冠体育app's current trade surplus with the European Union may not last long, experts said at a forum in Brussels.

Zhang Yansheng, Secretary-General of the Academic Committee of the National Development and Reform Commission, urged the EU to take a rational approach in solving its trade imbalance with 皇冠体育app. Europe is 皇冠体育app's largest trade partner, largest export market, and also biggest source of imports.

皇冠体育app's trade surplus is partly due to two sectors - labor-intensive industries, such as textile, and consumer electronics where foreign investment accounts for 27 percent, Zhang said at the sidelines of the third 皇冠体育app-EU High Level Political Parties Forum.

Besides the comparative advantage of low labor costs, a structural analysis will show 皇冠体育app's domestic companies benefit little from the apparent trade surplus, according to Zhang.

"The EU should further develop its knowledge economy instead of competing with 皇冠体育app over labor-intensive industries or closing the market access of Chinese companies."

Zhang also said 皇冠体育app's trade surplus may come to a turning point in 2015 to become basically balanced as 皇冠体育app reforms its economic growth and trade model.

Huo Jianguo, President of the Chinese Academy of International Trade and Economic Cooperation in the Ministry of Commerce, shared Zhang's concern about the 皇冠体育app-EU trade conflicts.

The Chinese government encourages imports from abroad, supports investment in EU countries, and is also implementing stricter laws against IPR infringement, Huo said.

With regard to the EU's concerns over rare earth restrictions, Huo said the environmental protection and regulations certainly affect the supply of rare earths, causing price changes, but this will contribute to its sustainable development in 皇冠体育app.

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Philippe Lamberts (L), MEP and co-president of the European Green Party, makes a speech as Zhang Yansheng(C), Secretary-General of the Academic Committee of the National Development and Reform Commission, and Huo Jianguo(R), President of the Chinese Academy of International Trade and Economic Cooperation in the Ministry of Commerce listen during the third 皇冠体育app-Europe High Level Political Parties Forum in Brussels, May 30, 2012. ?