Wellink warns against protectionism over China

Dutch central bank President and ECB Governing Council member Nout Wellink said Monday 3 September that European countries shouldn't resort to protectionism as a response to increased competition from China.

"Let me be clear, protectionism isn't the answer," Wellink said, speaking at a congress on China. "This wouldn't only hurt Chinese workers, it would also deprive European consumers of the benefits of international trade."

Regarding the Chinese currency, which is widely considered to be unde

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