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The following article was published in our article directory on December 22, 2010.
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China to Promote the European Union to Relax the High-Tech Exports

Article Category: Business

Author Name: Amanda xzh

"European debt crisis", "market economy status" and "trade protectionism" has become the third high-level dialogue on EU economic and trade hot words recurring.

21, the third high-level China-EU trade and economic dialogue in Beijing. Chinese Vice Premier Wang Qishan said China supports the European Union and the International Monetary Fund (IMF) adopted a package of measures for financial stability, and hope that recognize China's market economy status as soon as possible.

Chinese Commerce Minister Chen Deming said that China is more concerned about the debt crisis can be controlled in Europe, especially in the first quarter of next year, the debt crisis of development.

The EU responded that for the early recognition of China's market economy status. EU Commissioner for Economic and Monetary Affairs Commissioner Rehn also reiterated that China needs to further promote the exchange rate market.

One hot words: European debt crisis

Wang pointed out yesterday that China is not only supports the EU and the IMF's financial stability policy, but also help the EU to take action against the sovereign debt crisis. "EU member states adopted a series of measures to actively combat the debt crisis, we hope these measures can take effect very quickly."

Previously, China has called for support for the Greek, then in President Hu Jintao during his visit to Portugal, came news that China intended to aid the Portuguese against the crisis. China intends to buy in the first quarter of 4000 to 5000 million euros in Portugal bonds, equivalent to the amount of the Portuguese need to finance one-third.

One of the three international rating agencies Moody's Investors Service warned on 21, sovereign debt rating downgrade of Portugal will one or two levels.

China is concerned about the EU's ability to control the debt crisis, and whether the consensus of member states into action to lead the EU out of the woods.

Hot Words II: high-tech trade

Qu, director of China Institute of International Star said, generally, the emergence of sovereign debt crisis, the European import demand may decrease, the demand for exports to China will increase.

Qu Xing special mention, due to the EU arms embargo on China policy, affecting many European dual-use high-tech exports to China. "If the EU from a strategic point of view, this type of technology to China to relax restrictions on exports, EU trade status would be more healthy balance."

In fact, the music star's point of view it is China's concern.

Chinese products this year, the EU launched a trade investigation and several trade protection measures, the intensity is very clear that China is not a small business losses. Chen hopes the EU to relax restrictions on exports of high technology products.

EU to China in September this year, data card launched anti-dumping, countervailing and safeguard measures in the three investigations, involving Chinese companies export about 41 billion U.S. dollars. Chen said the two companies currently involved have reached a preliminary memorandum of understanding to the European Commission proposed withdrawal of application. China hopes the European Commission to support EU business community, as soon as possible termination of the three investigations.

Two sides agreed that China-EU high-tech trade in the early convening of the first meeting of the Working Group.

Three hot words: Market economy status

On the EU trade and economic dialogue, which is a solution to the China-EU trade disputes opportunities. Recently, many European companies accused China of not opening up the market, the foreign intellectual property and government procurement are treated unfairly.

The more positive an atmosphere of China-EU dialogue, look to the future and long-term development, to help resolve some controversial issues. "Trade between China and Europe is recovering, at the end should be able to 2008 levels. It should be noted that the amount of European exports to China began to increase, while U.S. exports to China is not obvious."

Customs data show that from January to November this year, bilateral trade volume reached 433.9 billion U.S. dollars, up 33% over last year, China became the EU's second largest export market, while the EU has been stable for 6 consecutive years, China's largest trading partner .

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