Tue 20 Mar 12 | 03:15 AM ET

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'No Trade War' Since 1995: WTO's Lamy

Tue 20 Mar 12 | 03:15 AM ET

"The WTO dispute settlement system has been created to avoid trade wars (and) since its inception, in 1995, there has been no trade war," Pascal Lamy, director general of the World Trade Organization, told CNBC. "I am not sure (the Chinese financial system) is solid to the point of opening in one day or in one night its foreign account," he also said.

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'No Trade War' Since 1995: WTO's Lamy

'No Trade War' Since 1995: WTO's Lamy

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