WTO chief: China is the panacea, not the problem
12/10/2012 63
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Protectionism is rearing its ugly head in many countries struggling to create jobs for theirpeople, boost business and get fresh capital.
But World Trade Organization director-general Pascal Lamy thinks protectionism's ill-effectshave been greatly exaggerated - for now.
Lamy,65, was speaking to The Straits Times last month, ahead of this year's Singapore GlobalDialogue, a yearly pow-wow on strategic security issues organized by the S.Rajaratnam Schoolof International Studies.
In fact, he stressed: "If China's economy were not what it is today, the rest of the world wouldprobably be worse off."
October 9, 2012
Source: China Daily
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