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| China-Japan-Koreas |
| Beijing orders 'Buy China' for stimulus projects |
| 2009-06-17 |
| BEIJING (AP) -- China has imposed a requirement for its stimulus projects to use domestically made goods - a move that could strain ties with trading partners after Beijing criticized Washington's "Buy American" stimulus provisions. Projects must obtain official permission to use imported goods, said an order issued by China's main planning agency and eight other government bodies. Even before the order, business groups worried that foreign companies might be excluded from construction and other projects financed by Beijing's 4 trillion yuan ($586 billion) stimulus. Foreign makers of wind turbines complain they have been shut out of bidding on a $5 billion stimulus-financed power project. "Government investment projects should buy domestically made products unless products or services cannot be obtained in reasonable commercial conditions in China," says the order, dated June 1 and reported this week by state media. "Projects that really need to buy imports should be approved by the relevant government departments before purchasing activity starts." |
| Posted by:Omock Jerert4398 |
| #2 PAKISTANI DEFENCE FORUM > THE [econ]RISE OF CHINA'S SOUTHWEST [Five provinces = approxi 250Milyuhn people]; + CHINA LOOKS TO REGIONAL INTEGRATION [inter-provicial]FOR NEW GROWTH POINT. No more province-specific/preferred or "separate but equal" econ policies amongst the PRC's provinces, at least for a while. DA WORD OF THE BIRD IS CLOSER PRO-DEV PRO-MODERNZ TRANS/MULTI- COOPERATION, PARTNERSHIP, + INTEGRATIONISM, ETC. AMAP ASAP ALAP. |
| Posted by: JosephMendiola 2009-06-17 23:21 |
| #1 The only products China imports are those that they can't make themselves. This is just posturing. Besides, nobody gets rich from government contracts in China. Too many idiot government officials, no rule of law to fall back onto, and screwing foreigners is considered patriotic and the correct thing for Chinese people to do. |
| Posted by: gromky 2009-06-17 07:40 |