Chinese Premier: restrictions on Chinese exports hurt foreign businesses in China

Write: Sade [2011-05-20]

Chinese Premier: restrictions on Chinese exports hurt foreign businesses in China

From: Xinhua

Premier Wen Jiabao said Sunday that restrictions on China s exports would hurt foreign businesses in China.

Process trade accounts for half of China s massive trade volume, and exports by foreign businesses and Chinese-foreign joint ventures in China account for 60 percent, said Wen at a press conference after the National People s Congress (NPC) concluded its annual session.

If you put restrictions on China, you are also hurting your enterprises, said Wen.

I sincerely hope that the United States and the European nations would acknowledge China s market economy status and lift restrictions on exports of hi-tech products to China, which is conducive to a balanced trade, he said.