Comment on Chinese premier warns Australia against protectionism

Chinese premier warns Australia against protectionism

CANBERRA, Australia (AP) — China's premier on Thursday warned against protectionism, saying his country planned to close its $50 billion a year deficit with Australia by expanding the trading relationship rather than retreating from it. China "cannot close our doors" to solve its trade imbalance with Australia, which last year left the Chinese with a $50 billion deficit largely through industrial demand for iron ore and coal, he said. Australia was an enthusiastic advocate of the proposed Trans-Pacific Partnership, an ambitious trading bloc of Pacific Rim countries that the Obama administration had committed the United States to joining. About 100 Tibet and Xinjiang separatists along with Falun Gong supporters were cordoned off from a similar number of China fans who wielded national flags and beat drums on the front lawn of Parliament House.

 

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