By staff reporter Zhang Hong
India also imposed import restrictions on Chinese steel,
chaussure louboutin, petrochemicals and textiles, and on January 23,
franklin et marshall, the government announced a six-month ban on toy imports from China for health reasons. Up to that point, 60 percent of all toys in India had a Chinese origin.
China is “seriously concerned about India initiating so many investigations and imposing so many restrictions against Chinese goods in such a short period of time,” said spokesman for the Ministry of Commerce Yao Jian in a statement on the ministry's Web site.
China, wrote Yao, "hopes India will show care and restraint in using trade measures during this period of severe challenges in the world economy."
While China may ask the WTO to investigate the cases, Liu said it might not win the appeal since “India’s actions are legal.” He suggested the Chinese government instead solve the dispute through direct negotiations.
Liu Xiaoxue, a scholar of India’s economy at the Chinese Academy of Social Sciences, said India's recent actions appear to be protectionism, as most of the restrictions were imposed on products from industries suffering decline in India.
From Caijing Online
There’s time to spare, said Liu,
adidas foot, since the portion of goods exported to India is minor compared to China’s total export volume.
China is now India's largest trade partner and importer. According to Indian government statistics,
polo ralph lauren, the bilateral trade between the two increased 47 percent year on year from April 2007 to March 2008. Imports from China accounted for 11 percent of India's overall import volume,
louboutin pas cher, sustaining a US$ 16.3 billion trade deficit.
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China’s Ministry of Commerce expressed disapproval over India's recent trade restrictions on Chinese products, saying they will severely impact bilateral trade relations.
India has launched a series of trade investigations into Chinese products,
adidas f50, raising "serious concern" from the Chinese government.
Since October 2008, India has launched 17 trade investigations,
polo ralph lauren pas cher, 10 of which were anti-dumping probes, into a wide range of Chinese products. The total value of goods under scrutiny is about US$ 1.5 billion.
Newscast: India,
franklin and marshall, China Trade War Brews
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