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Tuesday, January 10, 2017

US Tells China: Curb Trade Barriers, Government Intervention

U.S. trade officials urged China to reduce market access barriers and the level of government intervention in the economy to more fully meet its World Trade Organization (WTO), according to a report released.The Office of the U.S. Trade Representative (USTR) also said in its annual report to Congress on China's WTO compliance that Beijing needs to more uniformly follow the fundamental principles of non-discrimination with regard to foreign companies to meet its WTO commitments.USTR said the U.S. should work with Beijing to ensure that "the benefits of China's WTO commitments are fully realized by the United States and other WTO members, and that trade frictions that may arise in the U.S.-China trade relationship are effectively resolved."