Lawmakers press for action in China trade talks

WASHINGTON Sat Dec 1, 2012 2:21am IST

Inside the Peshawar school

Inside the Peshawar school

The aftermath inside the Pakistan school where at least 132 students and nine staff members were killed by Taliban gunmen.  Pictures 

WASHINGTON (Reuters) - Four senior lawmakers on Friday pressed for action on longstanding complaints about trade with China, as President Barack Obama's administration prepares to host senior Chinese officials for high-level talks in December.

"We are concerned that China continues to move away from market-based reforms and is more deeply embracing an economic model dominated by state-owned enterprises, World Trade Organization-inconsistent subsidies, and economic protectionism," the top Republicans and Democrats on the House of Representatives Ways and Means Committee and the Senate Finance Committee said in a letter to senior Obama administration officials.

"China's state capitalist model presents a range of issues that impact the future prosperity of the United States and the economic stability of the world," they said.

U.S. Trade Representative Ron Kirk and Acting Commerce Secretary Rebecca Blank are expected to host the U.S.-China Joint Commission on Commerce and Trade meeting in December, although exact dates have not been announced.

The annual meeting comes during a period of transition for both governments. Kirk is expected to leave office in the near future and Blank's continued service as Commerce secretary is uncertain in Obama's second term that begins in January.

China's ruling Communist Party unveiled a new top leadership in November. Vice President Xi Jinping took helm of the party, and will take over as head of state in March at the annual parliament meeting.

Chinese Vice Premier Wang Qishan has co-chaired the talks in recent years and remains part of the government, but it was not immediately clear if he would attend this year's meeting.

The U.S. lawmakers struck a weary tone in their letter as they noted their longstanding frustration with China's weak enforcement of intellectual property rights, opaque regulatory system and market access barriers.

"We have each written to you in the past about our key priorities and concerns. While incremental progress has been made, our list of concerns remains troublingly similar year-to-year," the lawmakers said.

(Reporting By Doug Palmer; Editing by Sandra Maler and Mohammad Zargham)

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage