World Bank economist: Restricting Chinese imports would hurt U.S.

01/8/2010 | (China)

Blocking imports from China would probably harm U.S. consumers and worsen the country's trade imbalance, said Justin Yifu Lin, the World Bank's chief economist. He said most of the items imported from China are labor-intensive products that are no longer made in the U.S. "If China will not export those type of labor-intensive products, U.S. will have to import from other middle-income or lower-income countries," Lin said. "And very likely, the cost of importing from other countries will be higher."

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