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EU and US gang up on China at WTO forum
Posted June 09, 2010The European Union and the United States have ganged up on China in a World Trade Organization (WTO) forum, claiming it was back-sliding on opening up its economy to international competition and ushering in restrictive measures.
Mr John Clarke, head of the EU delegation to the WTO, said China had an excess dependence on export-led growth, boosted by the low value of its currency, various forms of state intervention, and focusing investment in export-oriented industries.
http://www.overseasbuyers.com/export-import-news/eu-and-us-gang-up-on-china-at-wto-forum
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