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German Chancellor Angela Merkel said Monday that Germany firmly opposes a trade probe initiated by the European Commission into imports of Chinese mobile telecommunications products as China and Germany called for free trade amid growing trade tensions between Beijing and Brussels.Merkel made the remarks over breakfast with Chinese Premier Li Keqiang, who is in Germany for an official visit from Saturday to Monday.In a joint statement issued Sunday,
http://www.azbca.com/, both sides said they oppose trade protectionism,
burberry, promising to settle the dispute on solar power and mobile telecommunication equipment through dialogue.The European Commission,
Air Jordan Outlet Shoes and Sneakers are your first choice | Air jordan shoes., the EU's executive body, backed a proposal earlier this month to impose a 47 percent punitive tariff on imports of Chinese solar panels. Brussels is also mulling imposing tariffs on imports of Chinese telecommunications products.The EU accuses China of pricing its solar panels and mobile telecom devices too cheaply and "dumping" them in Europe to corner the market. But China has rejected such allegations.At a joint press conference with Merkel Sunday,
nike free run 2, Li said China firmly opposes EU plans to probe Chinese-made wireless telecom devices and impose punitive duties on Chinese-made solar panels, warning that this would "harm the interests of European consumers and Europe's industry." Li said the step was "especially dubious" since the global economic recovery was still fragile. Shen Jiru, a researcher with the Institute of World Economics and Politics of the Chinese Academy of Social Sciences said that if the EU decides to impose punitive tariffs,
www.hempz.net, this would lead to a "lose-lose" situation as it would very likely result in a trade war between the two sides."Over 70 percent of solar panels produced by China were exported to EU countries. Imposing as much as 47 percent in punitive tariffs would mean Europe is shutting the door on Chinese companies,
True Religion Outlet | Stylish True Religion Jeans | True Religion Jeans are sold at True Religion Outlet Store Free Shipping!!!Juste Like It!," he said.But Shen noted that while China would bear the brunt of the trade war, it would not be the only side to suffer. "Chinese companies import many of the raw materials for solar panels as well as high-tech equipment from EU nations. This helped create many job opportunities in Europe," he said. The huge tariffs would force Chinese companies to largely reduce production and stop their imports of raw materials and equipment,
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http://www.hufsj.com/, leaving an impact on the EU's economy as well.Merkel said Germany would push for "intensive talks" between China and Europe to avoid a trade war. The EU Commission is expected to make a final decision on the anti-dumping investigation by the end of the year.Compared to some other major EU nations, Germany's relations with China have been relatively stable in recent years, said Shi Yinhong,
biyer, a professor with the School of International Studies at Renmin University."Germany is the largest economy in the eurozone with a very big economic clout in the area. China's good relationship with Germany will help enhance its ties with the EU,
tewst," Shi said.Germany is the only stop on Li's trip among the EU's 27 member states,
chloe handbags, a sign that Beijing wants to continue their special relationship, analysts say."From the German side, it's all about trade. Germany sees China essentially as a large export market on which it's increasingly dependent," Germany expert Hans Kundnani,
prada outlet, of the European Council on Foreign Relations, told AFP.But Shen said even though Germany wanted to use its influence to stop the EU from imposing punitive tariffs on Chinese products,
pshwu, China should also gear up for possible consequences. "For China,
Isabel Marant Shoes, while we continue to seek diplomatic means to avert a trade war, we should try to find other ways to reduce the possible impact on China's solar panel industry and economy,
oakley sunglasses, such as expanding domestic consumption and demand," he added.The two countries signed a series of agreements to deepen cooperation in various fields during Li's visit,
cyeb, including electric cars,
bottega veneta outlet, agriculture,
nntpd, food safety and eco-labeling. China announced the launch of a Chinese chamber of commerce in Germany.Agencies contributed to this story
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After Wojcik scored just 1:54 into the fourth,
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