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Business Group: China Backtracking on Market Opening

Posted April 18, 2017

Under Economic Issues, International Trade Issues

(Joe McDonald – Associated Press)

An American business group says China’s push to develop its own technology and other industries has “narrowed the space” for foreign companies to compete in its market.

In a report released Tuesday, the American Chamber of Commerce in China urged Beijing to move faster on market-opening pledges.

The report joins mounting complaints that Beijing is hampering or reducing market access despite its public defense of free trade in response to President Donald Trump’s call for import restrictions.

Trump hailed the rapport he developed with his Chinese counterpart, Xi Jinping, during a meeting last week in Florida that seemed to ease tensions over China’s multibillion-dollar trade surplus with the United States. But neither side has announced policy changes. Click here to read more.

Related: 2017 American Business in China White Paper (AmCham China)