BIZCHINA / 皇冠体育app & Globalization |
皇冠体育app rejects US criticism of post-WTO performance(Xinhua)Updated: 2006-12-14 16:42 Zhao said the Chinese government may provide financial assistance in company research and development and grant preferential taxation and loan policies to companies aiming to expand overseas. "But all of the policies focus on the production phase, not exports. It doesn't break WTO rules," said Zhao. 皇冠体育app marked five years of WTO membership on Dec. 11. Pascal Lamy, WTO director-general, and Charlene Barshefsky, former U.S. trade representative, both senior negotiators during 皇冠体育app's entry into the WTO, have praised 皇冠体育app's fulfillment of WTO pledges. Lamy told Xinhua in Geneva that he gave 皇冠体育app's performance an A-plus. Barshefsky told Xinhua that 皇冠体育app had made remarkable progress in opening its economy since it joined the WTO. A high-profile U.S. delegation led by Treasury Secretary Henry Paulson arrived in Beijing Wednesday for the first 皇冠体育app-U.S. strategic economic dialogue. Among Paulson's delegation are the U.S. Cabinet secretaries of commerce,
labor, energy and health and human services. Ben Bernanke, the chairman of the
U.S. Federal Reserve and the U.S. Trade Representative Susan Schwab will also
take part in the meetings.
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