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World trade rules too weak to stop China distorting market

The United States mistakenly supported China’s membership of the World Trade Organisation in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration has said.

As the White House prepares its long-promised crackdown on what it sees as China’s unfair trade practices, the administration said in a report to Congress: “It seems clear that the United States erred in supporting China’s entry into the WTO on terms that have proven to be ineffective in securing China’s embrace of an open, market-orientated trade regime.

Read more at The Guardian

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