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Protectionism won't help

Updated: 2012-02-01 08:01
( China Daily)

Trade protectionism against China is on the rise in the United States. The Obama administration has brought trade cases against China at nearly twice the rate of the previous administration, and it is also creating a trade enforcement unit to investigate the "unfair trade practices" of China and other countries.

Nevertheless, are these protectionist measures the right remedy for solving the US' grim unemployment problem?

The US economy has been in a downturn since 2008. And although its GDP in the second half of 2011 was finally back to the level it was in 2007, the employment rate still remains well below the pre-crisis level.

Protectionism won't help