China will also actively seek to increase imports and accelerate the development of foreign trade, said Wen during a visit of the Chinese southern city of Guangzhou."The international financial crisis is not over, and from the past, it is in a different form. It is more confusing and complex," Wen was quoted as saying by state radio.
On Friday, Wen called for joint efforts to combat the growing trade protectionism in the world and said trade disputes has been politicized, reported the official China Daily on Saturday.At the opening of the Canton Fair in Guangzhou, Wen urged countries to fight the impending global financial crisis through the use of rational methods to handle trade frictions.
"The challenge now is that there is a world of increasing trade protectionism and more trade friction is politicized, which casts a large shadow and injured more than the global economic recovery," Wen was quoted as saying by the newspaper."China and other nations must work together to open markets to each other," Wen said.
U.S. Treasury Department said Friday it would delay until the end of this year to determine whether China manipulates its currency as a party legislators have tried to overcome Republican opposition to a law that would punish Beijing of its monetary policy.
Beijing has labeled the U.S. legislation, which would give the impact of countervailing duties Nations to support the export goods considered to undervalue their currencies, including the Chinese yuan, which many lawmakers say are drastically low against the dollar Washington.
