Saturday, May 25, 2013

Chinese premier criticizes EU move on trade measures

Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.

The official Xinhua news agency reported late on Friday that Li had told business leaders in Switzerland such measures would "harm others without benefiting oneself".

Li is the most senior Chinese official to comment on the troublesome issue so far.