Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-205-000"
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"en.20120523.15.3-205-000"2
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"Mr President, I, too, voted in favour of the de Sarnez report on unbalanced trade between the EU and China. The report analyses the trade relationship between these two massive economies, and I support the recommendations that it makes for the Chinese Government, particularly on improving market access for EU companies.
China, sadly, does not do enough in terms of fighting piracy, stopping the production of counterfeit goods or improving labour rights, animal welfare and, most importantly, human rights. But that is another issue.
The report also notes that the Chinese economy does not yet earn the World Trade Organisation definition of a functioning market economy, and I back the call for the Commission to work with the Chinese Government in order to remove the remaining obstacles so that this can be achieved. I also support the call to the Commission to submit a proposal to Parliament on the measures required before China can be recognised as a functioning market economy by the European Union.
Sadly, China functions as a form of crony capitalism with massive state intervention and huge secrecy, particularly in the banking sector, which make the long-term dangers of overheating of the economy, or even serious malfunction, all the greater."@en1
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