”˜Buy China’ policy set to raise tensions

China has introduced an explicit “Buy Chinese” policy as part of its economic stimulus programme in a move that will amplify tensions with trade partners and increase the likelihood of protectionism around the world.

In an edict released jointly by nine government departments, Beijing said government procurement must use only Chinese products or services unless they were not available within the country or could not be bought on reasonable commercial or legal terms.

Read it all from the Financial Times.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Economy, Foreign Relations, Globalization

2 comments on “”˜Buy China’ policy set to raise tensions

  1. William Witt says:

    We already have a “Buy Chinese” policy in this country. It’s called Walmart.

  2. magnolia says:

    we should have been doing the same, keeping our people in jobs and quality products instead of cheap crap. heck the way it is, we owe china so much money we are practically part of them now.