Warn­ing on pro­tec­tion­ism

China Daily (Hong Kong) - - BUSINESS -

A Euro­pean Union trade group on Mon­day warned on ris­ing tide of pro­tec­tion­ism in ad­vanced economies, say­ing it is “short-sighted and ul­ti­mately self-de­feat­ing”. “The IMF has is­sued its lat­est six-monthly World Eco­nomic Out­look, which again marked a con­tin­ued shift to­ward pro­tec­tion­ism in ad­vanced economies,” noted a state­ment by EuroCom­merce, a trade group rep­re­sent­ing the re­tail and whole­sale trade sec­tor. The state­ment said the IMF re­port, other re­cent re­ports as well as the di­rect ex­pe­ri­ence of re­tail­ers, whole­salers and traders

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