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No protectionism in China's economic stimulus plans

(Xinhua)
Updated: 2009-02-27 14:45

BEIJING -- There were no protectionist measures in China's stimulus plans for 10 key industries, Liu Tienan, vice minister of the National Development and Reform Commission, told reporters here Friday.

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"We are against trade protectionism and there are no protectionist measures in our economic stimulus plans," Liu said.

Liu cautioned against the rise of protectionism in various forms as the world strove to address the impact of the financial crisis and maintain economic growth.

"Protectionism may have some effects in the short term, but it is a short-sighted option," he said.