) -- Stocks in China rose 1% Monday following news over the weekend that China would restrict imports of auto products and chickens from the U.S. apparently in retaliation for the Obama administration's move to raise tariffs on Chinese-made tires.
The benchmark index in Shanghai rose 1.2%, or 36.95 points to 3,026.74, bucking a negative trend throughout the rest of Asia.
Obama on Friday approved new tariffs on all car and light truck tires coming into the U.S. from China. Beijing called the move protectionist and a violation of global trade rules.
China moved Sunday to begin antidumping investigations into imported U.S. auto and chicken products. China's Ministry of Commerce said there are concerns the U.S. imports have "dealt a blow to domestic industries."
The Commerce Ministry, however, denied that its moved was protectionist.
"Since the financial crisis, China's actions have proven this point," it said. "China is willing to work with countries around the world to act together to promote the quick recovery of the world economy."
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.