China adopts Democrats' stimulus protectionism

Telegraph:

The edict, issued from the highest level of China's government, comes less than six months after China described the short-lived "Buy American" clauses in the US stimulus package as "protectionist poison" that would undermine the world economic recovery.

"Government investment projects should buy domestically made products unless products or services cannot be obtained in reasonable commercial conditions in China," it said. "Projects that really need to buy imports should be approved by the relevant government departments before purchasing activity starts."

The order appears to contradict assurances given last February by China's deputy commerce minister, Jiang Zengwei, that China would "treat domestic and foreign goods equally so long as we need them".

At the same time, China bristled over attempts by the US Congress to insert "Buy American" clauses for iron and steel into their stimulus package.

...

These type of laws will cut trade at a time when it is needed to most. The Democrats' Smoot-Hawley instincts have come back to haunt us. Also the shortsighted restrictions on GM's ability to import cars from China must also be in their mind.

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