‘GROWING FRUSTRATIONS’ WITH CHINA
Chinese protectionist trade policies are creating “growing frustrations” among U.S. officials and business executives, U.S. Ambassador Gary Locke warned Chinese officials on Tuesday.
Mr. Locke, in speech to the American Chamber of Commerce in Beijing, urged China to revalue its currency, saying most economists think the communist government deliberately keeps the yuan low to make imports more expensive and domestic products cheaper.
He also appealed to the government to protect foreign copyrights from counterfeiting in China.
“China’s current business climate is creating growing frustrations among foreign business and government leaders, including my colleagues in Washington,” Mr. Locke said.
He complained that a “lack of openness in many areas of Chinese society” will mean fewer innovations from Chinese business and slower growth for the economy.
“In industries like mining, power generation and transportation, the government selects national champions and effectively shuts out foreign competition altogether,” he said, referring to China’s protectionist policies.
The United States wants to do more business with China and supports a stronger Chinese economy, he said.
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James Morrison joined the The Washington Times in 1983 as a local reporter covering Alexandria, Va. A year later, he was assigned to open a Times bureau in Canada. From 1987 to 1989, Mr. Morrison was The Washington Times reporter in London, covering Britain, Western Europe and NATO issues. After returning to Washington, he served as an assistant foreign editor ...
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