An exceptional growth rate, a large trade surplus and low-cost goods have made China the major target of rising trade protectionism in recent years. Nowadays, a new trend has emerged: in addition to low-end products, China's high-tech exports are encountering increasing trade friction.
"Major economies have all shifted their focus to emerging industries such as new energy businesses since the beginning of the financial crisis in a bid to cement their leading role in the global economy," said Zhang Yuyan, an analyst with the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, China's top think tank.
With intensified global competition for leadership in emerging industries, China is very likely to suffer rising trade friction in high-tech exports, Zhang said.
On September 16, the European Union (EU) launched an investigation on data cards imported from China. The investigation involved 4.1 billion U.S. dollars worth of products. It was the first time for the EU to begin anti-dumping and safeguard investigations simultaneously against Chinese-made products.
Further, in October, the U.S. government decided to investigate a complaint filed by the United Steel workers, one of the nation's largest unions. The complaint asserted that China had provided subsidies to its clean energy industries, which violated WTO rules and caused a loss of American jobs.
"China's speeding up of industrial upgrading and restructuring means a greater possibility of trade disputes with foreign countries in high-end industries," Zhang said.
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"Major economies have all shifted their focus to emerging industries such as new energy businesses since the beginning of the financial crisis in a bid to cement their leading role in the global economy," said Zhang Yuyan, an analyst with the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, China's top think tank.
With intensified global competition for leadership in emerging industries, China is very likely to suffer rising trade friction in high-tech exports, Zhang said.
On September 16, the European Union (EU) launched an investigation on data cards imported from China. The investigation involved 4.1 billion U.S. dollars worth of products. It was the first time for the EU to begin anti-dumping and safeguard investigations simultaneously against Chinese-made products.
Further, in October, the U.S. government decided to investigate a complaint filed by the United Steel workers, one of the nation's largest unions. The complaint asserted that China had provided subsidies to its clean energy industries, which violated WTO rules and caused a loss of American jobs.
"China's speeding up of industrial upgrading and restructuring means a greater possibility of trade disputes with foreign countries in high-end industries," Zhang said.
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