ITC to investigate Chinese economy
From news_archive.php?id=35321
WASHINGTON (AP) - The U.S International Trade Commission said Friday it will examine the extent of financial support China provides its businesses -- a practice that has been criticized by the West as unfair. U.S. manufacturers, particularly in the steel and paper sectors, have long criticized the Chinese government for subsidizing its domestic firms and enabling them as a result to undercut U.S. companies. Democrats in Congress have echoed the criticisms. The Bush administration, in response, initiated a World Trade Organization dispute with China in February, alleging that tax breaks and other subsidies the ...
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