Protectionist threats

Protectionism is again taking hold of the United States Treasury Department. This causes concern to China before its fourth Strategic Economic Dialogue (SED) with the US.

Delivering a speech at Carnegie Endorsement for International Peace last Tuesday, US Treasury Secretary Henry Paulson said "America's policy of open investment is one of our predominant economic strengths. Foreign direct investment stimulates competitiveness, growth, jobs and productivity."

At the fourth round of SED, the two countries will discuss the best way to promote and protect bilateral investment and counter protectionist pressures.