Headed by Dr. Wang Huiyao, Vice-Chairman of the China International Economic and Cooperation Society, and under the China Ministry of Commerce, this program directly contacts accomplished U.S.-trained PhDs, many U.S. citizens, and seeks to entice them to return to China with promises of huge compensation (one person told me millions of dollars per person) and great power, including top leadership positions in Chinese universities and companies.
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Last week, for instance, China's Ministry of Commerce announced it will reduce by 72% China's exports of rare earth minerals.
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Spokespeople for China's Ministry of Commerce and State Administration of Foreign Exchange didn't respond to requests for comment.
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Asean is China's third-largest trading partner, according to China's Ministry of Commerce.
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In reaction to the statements by China's Ministry of Commerce, Mr. Plummer said that it was entirely normal for a country to express concern about "unfair treatment" of a company headquartered in its borders.
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China's Ministry of Commerce said in a statement on its website that it hopes "relevant parties" in the U.S. would "abandon prejudice, avoid adopting protectionist measures and treat properly investments from China and other countries" with a fair and open attitude.
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On the other side of the debate are China's commerce ministry and some members of its National Development and Reform Commission (NDRC), which formulates long-term economic strategy.
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Meanwhile, papers including the China Daily also report on the comment by Wang Shouwen, foreign trade head at the Ministry of Commerce, which warns that China's foreign trade " is facing a severe situation next year".
So far 22, 155 Chinese workers have been accounted for, the China Daily reported, citing numbers from the Ministry of Commerce.
"When a market collapses, the recriminations over unfair practices of others begin, " noted an unnamed official in Beijing's Ministry of Commerce to the South China Morning Post.
Evergrande spokesman Jimmy Fong says his company, which has 112 property projects in 62 cities, chose to raise dollars rather than yuan because it already had approval from the Ministry of Commerce to bring dollars into China.
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At a routine news conference, Ministry of Commerce spokesman Yao Jian told reporters Monday that China is "deeply worried" that "some countries" will give preference to locally made products in their stimulus plans.
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