Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-27-Speech-2-166-000"
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"en.20110927.5.2-166-000"2
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"Mr President, of course our relations and our trade relations with China are a very vast topic. Let me just say that, as far as we can see, the biggest problem with China is more with subsidisation than it is with wages. Subsidisation in all kinds of ways: cheap loans, cheap land for plants and so on. What we do see is a very rapid wage rise in the coastal area, which is the developed area of China.
So the idea that it is merely because of low wages that the Chinese can compete on the world market is certainly not correct. There are many elements in play and what we should do instead is look at how we can integrate the Chinese development into the world economy and there we have obligations on both sides. We have them on our side. They should also realise that they have their obligations and that they should live up to the WTO obligations. When they do not do so, we question that, and once we have a decision, we also want to see this implemented, but it is a very complex matter and it certainly cannot be reduced to a discussion on wages."@en1
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