Medical and Hospital News  
TRADE WARS
China defends WTO in face of Trump rebuke
by Staff Writers
Beijing (AFP) March 2, 2017


China said Thursday it will continue to support the "open and unbiased" World Trade Organization (WTO) in a statement that came on the heels of an announcement by President Donald Trump's administration that the US is not bound by the group's rulings.

The world's second largest economy is seeking to position itself as a defender of the international trade system in response to a rising tide of protectionist sentiment personified by the billionaire politician.

Trump has repeatedly argued that Washington is better off pursuing country by country agreements rather than working within a global regime.

"China would like to work with all WTO members to ensure that the WTO can play an important role in global trade and to ensure that the WTO can play a constructive role in international cooperation," foreign ministry spokesman Geng Shuang told reporters during a regularly scheduled press briefing.

He added that maintaining and improving the "open and unbiased multilateral trade regime is conducive to improving world economic development".

The statement came in response to a question about a letter sent from the United States Trade Representative to the US Congress Wednesday arguing that "Americans are not directly subject to WTO rulings".

The text -- entitled "The President's 2017 Trade Policy Agenda" -- also says Trump's government "will aggressively defend American sovereignty over matters of trade policy".

Since 1995, the WTO's dispute settlement system has heard more than 500 cases centred on whether countries have broken agreed trading rules in areas including subsidies, customs and tariffs.

The WTO cannot punish countries that do not abide by rulings, but can authorise retaliatory measures.

Under President Barack Obama, the US brought at least 16 trade complaints against China, arguing that Beijing's policies on goods ranging from chicken to aluminium broke the organisation's rules.

China has also often voiced its own complaints to the group.

Trump has accused China of being a free-rider in the international system, saying its unfair trade policies have cost the US tens of thousands of jobs and threatening to slap Beijing with massive tariffs of up to 45 percent.

In a White House meeting with US manufacturing moguls last week, Trump pointed to the WTO as a major factor in the US losing out to Beijing, saying that "70,000 factories closed since China joined".

As Trump has sought to distance the US from the international trade system, China has moved to shore it up, hoping to preserve institutions that have been critical to the success of their export-driven economy.

At a commerce ministry briefing Thursday, spokesman Sun Jiwen reaffirmed China's support for the international trade system in response to a question about the WTO's newly appointed director-general Roberto Azevedo.

"China will continue to contribute to multilateral trade systems and improvement of global governance," said the spokesman, according to a transcript on the ministry's web site.

TRADE WARS
Xu Zhi star of Chinese fashion boom with Armani nod
Milan (AFP) Feb 26, 2017
Hot up-and-coming designer Xuzhi Chen has landed his first show in Milan with the support of veteran Giorgio Armani, as China takes its place on the luxury fashion map. Sweet-faced Xuzhi, 24, who has been making waves in his home country, said showing at the prestigious Teatro Armani was "very stressful but really really exciting, I couldn't ask for a better opportunity than this!" He is ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
McMurdo to enhance U.K. coast guard's search-and-rescue technology

Haitians' ire over carnival spending amid hurricane's ruins

Carnival helps Rio put crime, recession on back burner

Canada conservationist warns of 'cyber poaching

TRADE WARS
Police in China's restive Xinjiang to track cars by GPS

GLONASS station in India to expedite 'space centric' warfare command

Australia and Lockheed field 2nd-Gen sat-based augmentation system

UK may lose access to EU Galileo GPS system after Brexit

TRADE WARS
100,000-year-old human skulls from east Asia reveal complex mix of trends in time, space

Catalog of 208 human-caused minerals bolsters argument to declare 'Anthropocene Epoch'

Mothers dictate lifelong grooming habits in chimps

Tiny fibers open new windows into the brain

TRADE WARS
Woolly mammoths experienced a genomic meltdown just before extinction

Elephants are insomniacs, sleeping just 2 hours a night

Dogs, toddlers show similarities in social intelligence

Recovering predators and prey

TRADE WARS
More mosquito species than previously thought may transmit Zika

Flu meds do not harm unborn babies: study

First drug-resistant malaria parasite detected in Africa

Bird-flu deaths rise in China, shutting poultry markets

TRADE WARS
Beijing's shanties: Towns of hope and despair

Hong Kong rebel lawmakers fight parliament ban

Activists gatecrash meeting of Hong Kong leadership hopeful

China's favourite wins strong backing in Hong Kong leadership race

TRADE WARS
Philippines seeks US, China help to combat sea pirates

TRADE WARS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.