What explains Chinese ‘aggression'
"China's growing interest in the South-East Asian region has been in the news recently. However, its actions are, in fact, quite rational from its standpoint, and are an outcome of a combination of factors, such as protectionist measures in the US and the EU against Chinese exports; unabated price rise in China, including higher labour costs, energy prices and land rents; and the appreciation of the renminbi. In this scenario, the South-East Asian region promises access to a bigger market..
Global Trade Alert (a database tracking number of protectionist measures imposed around the world) has indicated that as many as 659 measures were initiated against Chinese exports after 2008. Most of these measures originated from Russia (31), Germany (18), France (16), United Kingdom (17), Spain (16), Italy (15), Netherlands (15), Sweden (13), Austria (13), Belgium (13), Finland (13), in Europe, and USA (9). China's trade surplus fell from US$ 298.12 billion in 2008 to US$ 195.84 billion in 2009..."
20 Oct 2011
Nilanjan Banik, The Hindu Business Line
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