U.S. protectionism may lead to rising global trade friction: China

BEIJING (Reuters) – China’s commerce ministry said on Monday U.S. unilateralism and protectionism may lead to an escalation of global trade friction and could derail the pace of global economic recovery.

China does not deliberately pursue a trade surplus, the Ministry of Commerce said in a report that summarizes China’s past foreign trade situations, while calling for joint efforts between the United States and China to resolve trade disputes.

Good fundamentals of China’s foreign trade remain unchanged in the long run but it also faces problems including rising costs, the ministry said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.