Mofcom accuses us of restricting China's foreign business

BEIJING, February 1 (Xinhua) China's trade protectionism has seriously affected the steady development of Sino-US economic and trade relations, and the United States should fully recognize the seriousness of the problem, fulfill its commitments conscientiously, refrain from abusing the measures to remedy the situation, refrain from protectionism and safeguard the overall economic and trade relations between the two countries.　　In response to recent accusations by the main head of the U.S. Department of Commerce that China is setting up barriers to open markets and foreign investment, Yao said this is a complete departure from the truth. China is the third largest export market in the United States and is the fastest-growing export market in the United States for many years, according to Yao.　　China in the process of coping with the financial crisis, based on expanding domestic demand, adhere to the opening of the market, 2009 U.S. exports to China amounted to 77.4 billion U.S. dollars, the proportion of its total exports increased, the trade deficit with China fell sharply 16%. He said that absorbing foreign capital is an important part of China's basic policy of opening-up, and that foreign-invested enterprises in China are Chinese enterprises established in accordance with Chinese law and are an important component of China's national economy. The Chinese government has always been committed to creating a more open and optimized investment environment for Chinese and foreign investors, one of the world's most attractive investment destinations.　　A series of policy measures to further expand opening-up and improve the working level of foreign investment will be established by the Executive meeting of the State Council of China, which is bound to create more favorable conditions for foreign investors to invest in China. Yao stressed that after the financial crisis, the U.S. trade protectionism has been significantly raised, China has become the United States, the biggest victims of abuse of trading relief measures. It is irresponsible and unhelpful for some to try to pass on US domestic contradictions and economic problems to other countries.　　He said that some countries now trade protectionism, but in turn to blame others, which not only makes no sense, nor conducive to its domestic economic recovery. It is understood that since January 2010, the United States has ruled on China-made wire mesh pallet products and blankets levied high anti-dumping duties, and the Chinese-made drilling pipe launched anti-dumping countervailing investigation.