'Buy America' campaign rattles China

[OhioChick]

15 Feb 2009, 2243 hrs IST, TNN

BEIJING: China is rattled by the "buy America" call in the $789 stimulus package passed by the United States senate because it will severely hit Chinese exports.

The move has foreign policy dimensions because it might wipe out a lot of the trade surplus enjoyed by Beijing and effect China's ability to deal with the world.

The Xinhua news agency, which is the organ of the Communist Party of China, described the move to favour American goods as a "poison" that would hurt efforts to solve the financial crisis. The Xinhua editorial also hinted as possible trade disputes concerning the package between China and the US at the World Trade Organization.

"History and economics have told us, facing a global financial crisis, trade protectionism is not a solution, but a poison to the solution," the news agency said.
Official broadcaster CCTV roped in several experts, who criticised the buy-America move while reminding audiences that Beijing had avoided opting for a "Buy China" campaign.

More: http://economictimes.indiatimes.com/International_Business/Buy_America_campaign_rattles_China/articleshow/4133111.cms

:nopity:

[Ian David]

1. And who knows more about poison than China? n/t

[LiberalFighter]

3. Oooooo Good Hit!!

[LiberalFighter]

2. I'm all for them incorporating a "Buy China" campaign.

[mitchum]

4. That's the way the cookie (and all of their other products) crumble

[Urban Prairie]

5. "trade protectionism is not a solution"

Unless you're Chinese, Asian, Indonesian, or Japanese.

[rockymountaindem]

6. Here's a deal for them:

We'll exempt Chinese products from the "buy American" clauses, and in exchange they completely end their currency peg *tomorrow*.

Deal?

[Owl]

7. Too bad, so sad.

:nopity:

[JVS]

8. They right about protectionism not helping in a world economic crisis.

But they really need to show some leadership in improving working conditions and wages in China

[L0oniX]

9. How dare Americans buy stuff from their own country ...WTF?

Who the hell do Americans think they are? Americans?

[OHdem10]

10. Please, please, please----Saying Buy American only Means

The Taxpayer money used for stimulus---used for stimulus
is not to be sent overseas to stimulate other countries.
This little pot of money is to be used at home in US.

China has required that every penny they spend on Infrastructure
and stimulus for their economy be spent in China only.

Why have a stimulus if we are going to continue to create
jobs in China. Tell China if we do not build up our workers
and their employment we cannot buy their stuff.

The Free Traders cannot hear or read??? This is not protectionism
it is protecting our sovreignty in developing our economy.

No one has said a word about closing markets in general
Taxpayers money for stimulus.

[MADem]

13. Stop making sense, and being logical.

It interferes with all of the uninformed poutrage, you see!

[2Design]

11. I am a Buy American person and have been for decades

but it has become very hard to do - or at least mostly American and therefore I just buy less or buy used

[MADem]

12. Good. Let's hope it does level the playing field a bit.

And while we're at it, maybe they'll clean up their act and stop poisoning us and our dogs with their shitty products. We've got enough shitty products right here at home!

[Golden Raisin]

14. I really really try to buy American

but it's very hard. So little is made here anymore. Particularly clothing. Just bought a down jacket from an iconic "All American" sounding company and the jacket was made in Bangladesh.