SMA warns of China influence on market
Mar 30, 2011 | 03:28 PM
| Scott Robertson
PITTSBURGH The Steel Manufacturers Association (SMA) has warned the U.S.-China Economic and Security Review Commission not to be misled by "myths" about Chinas state-owned enterprises, which the association says enjoys unfair market advantages thanks to patronage from Beijing.
With the commission examining issues related to Chinese state-owned enterprises and U.S.-China bilateral investment, SMA president Thomas A. Danjczek wrote to commission executive director Michael Danis explaining that Chinas state-owned enterprises continue to dominate many industries in the country, but steel in particular.
Danjczek backed up the key points in his letter by sending a copy of "The Reform Myth: How China is Using State Power to Create the Worlds Dominant Steel Industry." The report, written by trade attorneys at the Washington law firm Wiley Rein LLC, was co-sponsored by SMA and the American Iron and Steel Institute, Washington.....
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