China to adhere to openness, oppose protectionism(1)
China reiterated its commitments on the pursuit of the opening up policy and promised no protectionism.
In a statement responding to the criticism against the protectionist elements in China's current economic policy, Yao Jian, the spokesperson of China's Ministry of Commerce, stressed today that China was one of the most open economies in the world and had taken actions to open its market.
China has always firmly stood against protectionism, said Yao, noting that Chinese President Hu Jintao reiterated China's opposition to trade protectionism at the G20 Summit held in London in early April.
Yao stressed that China had made significant progress on free trade and investment in recent years. The average tariff currently has dropped to 9.8 percent, with 8.9 percent for industrial products and 15.2 percent for agricultural produce, which is just one quarter of the world's average level and much lower than those in other developing countries.
In service industry, some 100 sectors have been opened up to foreign investors, nearly as open as developed countries. China has also made adjustment to trade system and policies. For example, China has annulled the approving system for foreign trade business.
