US-China Economic and Security Review Commission Finds China Treats US Companies Unfairly, Hasn't Cut Overcapacity
China’s regular failures to uphold its World Trade Organization commitments, cut industrial overcapacity and treat U.S. companies fairly are straining its relationship with the U.S., according to the executive summary of the U.S.-China Economic and Security Review Commission’s annual report…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
to Congress released this month (here). Furthermore, the U.S. goods trade deficit with China grew 6.5 percent in 2015, to a record $367.2 billion, but that deficit was $225 billion through the first eight months of 2016, because of fewer imports, the report says. “U.S. companies are finding it increasingly difficult to operate in China, citing unclear laws and inconsistent regulatory enforcement, policies that favor domestic competitors, and industrial overcapacity,” the report said. The Chinese government’s “supply-side structural reform” focus hasn’t translated into actual results, as the private sector has struggled to secure credit and government stimulus benefits have largely flowed to the state sector, the report said.