Saturday, October 16, 2010

China rejected U.S. allegations of trade in green technology

Beijing: China on Saturday rejected U.S. accusations of unfair trade practices engaged in green technology, said the allegations "baseless and irresponsible."

A Commerce Ministry statement after the announcement Friday by U.S. trade authorities have launched an investigation into allegations of illegal shipments from China is a huge subsidy in an effort to dominate this sector.

Union Steel Workers Union, U.S. trade officials to investigate the practices that are inconsistent with the requirements of the World Trade Organization (WTO) and cost U.S. jobs demand.

"Union's claim is unfounded and irresponsible," Chinese Commerce Ministry said on Saturday in a statement posted on its website.

United States - one of the largest in the country - has accused China blocks access to the materials used in environmental technology, connecting the illegal subsidies for export sales, which called for restricting imports and foreign investors' hands secret technology.

He also criticized China for providing valued at over $ 216,000,000 in subsidies to producers of environmentally friendly technologies.

He said that amount to "more than double the U.S. spent in this sector, almost half of the overall green stimulus in the world," said the petition filed by the union in September.

Notice the investigation promised by the U.S. Trade Representative, Ron Kirk, to resolve all complaints in detail.

"We take seriously, claims etc., and apply with force," he said.

Chinese statement accused the United States by the 2300 grant programs in the fields of energy, including clean energy projects, the U.S. criticism "justified." China

Trade tensions are China and the United States last year, especially the accusation that the Chinese keep the yuan weak export competitiveness artificial.

Figures published on Thursday has raised other issues of U.S. trade imbalance with China.

U.S. Commerce Department said the U.S. trade deficit with China rose to a record in August.

political space in China increased by eight percent to $ 28.0 million, eliminating the previous record of $ 27,900,000 in October 2008

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