China's policy on buying Chinese goods

Source: Internet
Author: User
Keywords said that the domestics
Tags clear economic economic stimulus not to not to be not to be taken package services
China's nine ministries have issued a clear "buy Chinese" policy as part of an economic stimulus package, according to the FT's June 17 signed article. The policy stipulates that, in addition to the statutory circumstances in which the procurement of works, goods or services is not to be taken in China or where reasonable commercial conditions are not available, government procurement should be limited to domestic products or services.  The Chinese government's move will exacerbate tensions with its trading partners and increase the likelihood of a rise in protectionism around the world, the article said. The article also cites some of the world's leading economists ' views on the matter.  Tao, chief China economist at Credit Suisse, said: "There is some truth in China's domestic politics, but given the importance of free trade to the Chinese economy, this is not the right message they should be sending to the rest of the world." "We are puzzled by this discussion, especially since most of the European companies operating in China are registered locally but have not benefited directly from the government's stimulus package," said Joerg Wuttke, chairman of the European Chamber of Commerce in Woodeck.  Ordering government procurement to buy Chinese goods and services will certainly not help solve China's 170 billion euro trade surplus. "Any move to discriminate against foreign products and services-whether overt or covert---is protectionism," said James Zimmerman, a partner at the John Woo international law Firm (Squire Sanders & Dempsey) Beijing Representative Office.
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