UNITED STATES. A calculated shift on China’s non-market economy status?
Aug 01, 2007 | 07:19 AM
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WASHINGTON Domestic manufacturers have enjoyed a series of victories in Washington of late when it comes to changes in trade policy toward China.
The U.S. Commerce Department has opened the door to allowing anti-subsidy duties to be imposed on Chinese imports, a change the U.S. pipe and tube producers have put to the test in two new cases. Meanwhile, legislation designed to penalize China for its alleged undervalued currency was introduced in the Senate. While bills to address the hot-button issue are nothing new, this one, from Sen. Max Baucus (D., Mont.) and Sen. Chuck Grassley (R., Iowa), has a real chance of becoming law. And if that wasn't enough, even the Bush administration, often criticized for failing to stand up to China in the international trade arena, has filed several World Trade Organization (WTO) cases against Chinese subsidy programs.
But amid their winning streak, China critics suddenly have found themselves forced to play defense.....
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