Foreign trade grows despite disputes
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E-mail CNTV, October 15, 2012
The General Administration of Customs has released import and export figures for September and the data shows that China's exports rose almost ten percent year on year, to more than 186 billion US dollars. But the promising figures come despite continuing trade disputes between China and some foreign trading partners.
According to customs data, China's foreign trade expanded 6.2 percent year on year, to 2.84 trillion US dollars between January and September.
The trade surplus reached 148 billion US dollars.
But several trade disputes are rumbling on. Chinese exports have been involved in 35 percent of the world's anti-dumping investigations, and 71 percent of anti-subsidy cases.
The U.S. Commerce Department recently claimed Chinese solar panel producers were "dumping" solar panels in the U.S. It accused the Chinese government of illegally subsidizing Chinese companies. The U.S. is now set to impose new tariffs, ranging from 15 to nearly 250 percent.
But some U.S. solar developers say the move will make solar energy less competitive in the U.S.
Kevin Lapidus, SNR. VP, Legal & Gov't Affairs, Sunedison said, "Our true competition is not Chinese manufacturing for modules. Out true competition is the cost of fossil fuel-generated electricity."
Trade with China is also a major issue in the current U.S. presidential campaign.
Each candidate has been trying to assure U.S. voters of their tough stance on China.
But despite the ongoing trade disputes, the U.S. nonetheless remains China's second largest trading partner. And total trade between the two nations continued to increase between January and September, rising by 9 percent, to 355 billion U.S. dollars.
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