Li slams trade protectionism

CNC report from Beijing
Added On May 27, 2013

Well, Chinese Premier's Europe trip comes amid a trade spat between the two sides, as the European Union is likely to levy punitive duties on Chinese solar and mobile telecom equipment.

On Sunday, Premier Li Keqiang criticized the EU's approach and voiced opposition against trade protectionism.

At a joint press conference with German Chancellor Angela Merkel, the Chinese Premier said China firmly opposes the EU investigation into Chinese-made solar panels and wireless telecom devices.

Li said the move has sent a signal of trade protectionism and will hurt both sides.

He said quote:
"The abuse of trade remedy measures would only send a wrong signal of trade protectionism to the outside world and negatively affect the business, industries and jobs of both countries."
Li Keqiang, Chinese Premier

Earlier this month, the European Commission backed a proposal to put provisional duties ranging from 37 to 68 percent on Chinese solar panels...
 
To prevent what it calls the "dumping" of Chinese panel products in the European market.

The penalties still need to be reviewed by EU member states and be published in the EU's official journal, before taking effect.

It follows another proposal by the commission to open anti-dumping and anti-subsidy investigations into mobile telecom equipment imported from China.

China and EU will negotiate on recent trade frictions in Brussels this week.