Trade Protectionism
449 views. 2009-11-17 11:36
|Individual Classification:Economy|
One of netizens, a Chinese female textile worker, asked U.S. President Barak Obama one question about trade protectionism on the Internet. It reads she learns a lot about trade protection recently conducted by the U.S. government. As a common worker, she doesn't know much about the special term, but she lost her job because of the protection.
Trade protection connects with trade conflict. With the rapid growth of Chinese economy, China has engaged in trade conflicts with western countries. More and more countries, European Union and U.S. in particular, are involved in economic frictions with China, in order to protect their domestic markets. To some extent, trade protectionism becomes inevitable, partly because Chinese exports cover a large part of their markets, and have great influence on many issues such as employment.
China will be the world second largest economy by the end of this year. More and more Made -in-China products will continuously enter into the global markets. It will not be difficult to predict that trade conflicts and trade protectionism are going on. So we ought to get used to it instead of making a fuss.