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December 05, 2006 Tuesday Ziqa'ad 13, 1427


Westerners wary of China’s economy, says poll



By William Schomberg


BRUSSELS: Nearly 60 per cent of Europeans and Americans see China’s growing economic power as a threat, although they are becoming more positive about globalisation in general, an opinion poll showed on Monday.The survey, by the German Marshall Fund, a transatlantic think-tank, comes as policymakers in Brussels and Washington are planning to update trade and investment ties with China, wary of its new economic might but keen for more of its huge market.

Fifty-nine per cent of Americans and Europeans see China's economy as a threat due to its low-cost imports and companies relocating to China, according to the poll which covered France, Germany, Italy, Poland, Slovakia, Britain and the United States.

Only a third of respondents on both sides of the Atlantic considered China to be an opportunity.

Of the six European countries covered, 70 percent of people in France and only slightly fewer in Poland, Italy and Slovakia expressed fears over China's emerging economy.

Traditionally free-trading Britain alone had more people who saw China as an opportunity than a threat, the survey found.—Reuters






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