Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-547-750"
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"en.20120522.21.2-547-750"2
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"For a number of years now, the lights have been green for China’s economy, with a record trade surplus, higher than average currency reserves and a spectacular growth rate. At a time when global growth is slow, this dynamism should be a cause for celebration. However, on the contrary, it has given rise to concerns in Europe, as the Chinese miracle seems to be detrimental to our own economic development. While China is taking full advantage of the globalised economy by exporting its products and winning European public contracts, it is reluctant to allow the same to occur in its own territory. It reserves its public contracts for Chinese companies and prevents our key industries from agreeing to significant technological transfers in order to access Chinese private markets; we are therefore at risk of shooting ourselves in the foot! For this reason, the EU must put a stop to this naive trade relationship and act in a concerted fashion to impose the principle of reciprocity in its trade relations. If China wishes to continue to benefit from our market of 500 million consumers, it must adhere to international rules (open markets, intellectual property rights, free exchange rates), which it agreed to upon joining the WTO in 2001."@en1
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