Breaking News, World News and Taiwan News.

Beijing hits back against US criticisms at WTO

GENEVA -- China has rejected U.S. criticisms during a review of its trade policies at the World Trade Organization and used the occasion to suggest many U.S. accusations were not only groundless but in some areas hypocritical.

U.S. Ambassador to the WTO Michael Punke leveled a wide-ranging salvo of criticisms during the two-day Trade Policy Review (TPR), which every WTO member has to undergo on a periodic basis, and said China was falling back into a “tighter embrace of state capitalism.”

But China swatted aside many of the criticisms, which included complaints about its failure to disclose subsidies and a lack of transparency and intellectual property enforcement.

China's Assistant Minister of Commerce Yu Jianhua said he regretted that during the TPR process some WTO members had deemed China was practicing state capitalism.

“The term cannot be found in ... WTO documents. It has nothing to do with the TPR or WTO rules. We strongly believe TPR should not be abused for the purpose of domestic politics,” he said.

Alongside the oral debate, China answered more than 1,720 written questions in a document running to 442 pages, on topics ranging from its plans to develop shale gas to a promise to set up a deposit insurance scheme as soon as possible.

In the internal WTO document seen by Reuters on Thursday, some questions submitted by the United States elicited barbed comments. Others, such as the U.S. allegation that the state bodies overseeing China's economy provide economic support to national champions in key industries, prompted flat denials.

A U.S. demand for more transparency fell on stony ground, with China saying the commitments to transparency cited by the United States were outside the WTO's remit.

“The U.S. never fulfills any of the transparency commitments made to China,” it said.

1 Comment
June 16, 2012    Col.MartinHessler@
Yingying Xu - that's a good lookin' woman...
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
 China's biggest milk maker recalls baby formula 
Yingying Xu, economist and council director at the Manufacturers Alliance for Productivity and Innovation, speaks at a hearing of the U.S.-China Economic and Security Review Commission on the evolving U.S.-China trade and investment relationship on Capitol Hill in Washington, Thursday, June 14. (AP)

Enlarge Photo
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search