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Monday, July 2, 2018
China Defends Its WTO Record
China's State Council Information Office published a white paper on Thursday maintaining that it has "faithfully fulfilled" the commitments made when it joined the World Trade Organization (WTO).Beijing stressed that its WTO membership has allowed China to make a "significant contribution to promoting international trade." It highlighted recent actions to lower auto tariffs and broaden access to its financial sector. The paper also attempts to address some of the concerns raised in the U.S. Section 301 report, as the Chinese government said it is committed to strengthening rule of law."China will adopt a more open attitude, strengthen the protection of innovation and intellectual property rights, and enhance international exchanges and cooperation," the paper says. "These efforts will ensure that technological development and innovation benefit not only China, but also the world, and its convenience readily accessible to more and more people."