Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-12-Speech-4-019"
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"en.20050512.3.4-019"2
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"Mr President, Commissioner, the liberalisation of Chinese exports on 1 January 2005 was welcomed by many as a major victory of free trade.
fifthly, with this approach and current rates, the WTO estimates that China will have 3/5 of exports in 2015, a position which it held for a thousand years, from 500 to 1500 A.D.
I wonder how the European Union will deal with the Chinese fever giant.
A few months later, we are returning to over-protectionism, both on the part of the European Union and on the part of the United States of America. Many, moreover, have lost no time in calling this trade attack 'Chinese fever'. In truth, if you think about it properly, this is a war, not a war of impressions, but a war of substance at all levels, which is aggravating Europe's and the United States' relations with Beijing.
We need to comment on one fact here: in the first quarter of 2005, China's economy grew at a rate of 9.5%, due to the explosion in exports, which rose by 35%, increasing China's foreign currency reserves to just over 650 million dollars. We are therefore debating an economic, historical, cultural and commercial behemoth which today appears to be awakening from a long slumber.
Today China is showing its real strength and its limitless potential in the commercial sector, in trade, in exports, in technology and, in particular in goods, the raw materials for which traditionally have a history which goes back centuries for this country of mysticism with its volcano beneath the ground which is ready to explode.
The attention of the European Union and its vigilance in passing resolutions on relations with China are welcome here because:
firstly, 9 categories of Chinese products are currently the subject of investigation;
secondly, China is becoming stronger and stronger on the world political scene;
thirdly, the European Union is China's most important trading partner and China is the European Union's second most important trading partner. Consequently, we have strong ties with this country;
fourthly, China can prove its commitment to WTO rules by improving its legislation on intellectual property and thus controlling imitations and"@en1
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