Houston Chronicle

China tries to defuse trade pressure from U.S., Europe

Officials defend record as benefit to world amid criticism of market access, tech policy

- By Joe McDonald

BEIJING — China’s government defended its trade record as a benefit to the world in a new effort Thursday to defuse U.S. and European pressure over market access and technology policy.

A Cabinet report repeated promises to cut tariffs and open more industries to investment. But it didn’t address complaints about plans to create Chinese global technology competitor­s that are at the heart of a spiraling trade dispute with U.S. President Donald Trump.

China’s growth “has brought great opportunit­ies to trading partners all over the world,” a deputy commerce minister, Wang Shouwen, said at a news conference.

The report highlights the clash between Beijing’s insistence it has honored marketopen­ing promises made when it joined the World Trade Organizati­on in 2001 and arguments by Washington, Europe and others that Beijing improperly hampers access to emerging industries and steals or pressures foreign companies to hand over technology.

Trump’s threat of tariff hikes on up to $450 billion of Chinese products reflects fears Beijing’s plans are a threat to American technologi­cal leadership and prosperity. China has tried to recruit Europe as an ally in the dispute but faces complaints by Germany and other government­s that it bars purchases of Chinese assets while its own companies are on a global acquisitio­n spree.

Asked about possible U.S. plans to restrict Chinese investment in technology industries, Wang said, “We hope countries concerned can do the right thing and adopt policies that support free trade and investment.”

Thursday’s report was the latest effort by President Xi Jinping’s government to deflect pressure to change developmen­t tactics by highlighti­ng the benefits of trade with the world’s secondlarg­est economy.

Beijing has offered to narrow its multibilli­on-dollar trade surplus with the United States but has resisted pressure to roll back a state-led industry strategy seen by Communist leaders as a path to prosperity and global influence.

Newspapers in English

Newspapers from United States