China sees more trade remedy probes in 2016

Updated 2016-12-27 11:13:50 Xinhua

More Chinese products were the target of trade probes this year, partly due to rising trade protectionism, a commerce official said Monday.

Twenty-seven countries or regions had initiated 117 trade remedy investigations targeting Chinese products as of Dec. 21, up 34.5 percent year on year, Wang Hejun, an official at the Ministry of Commerce, told a conference.

The investigations involved 13.98 billion U.S. dollars in total, up 71.5 percent from a year earlier.

Wang partly attributed the increasing trade friction to rising trade protectionism amid a weak global economic recovery.

The fundamental way for Chinese companies to reduce trade friction is to move up the value chain and make products more competitive, he added.

China's trade volume for the first eleven months dropped 1.2 percent from a year earlier to 21.8 trillion yuan (around 3.16 trillion U.S. dollars), while the trade surplus shrank 5.8 percent to 3.1 trillion yuan.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 25 2018 02:02:25

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 25 2018 02:02:25

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 25 2018 02:02:25

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords