BREAKING NEWS

China hits back at US criticisms at WTO

By REUTERS

JUNE 14, 2012 21:48

GENEVA - China has rejected US criticisms during a review of its trade policies at the World Trade Organization and used the occasion to suggest many US accusations were not only groundless but in some areas hypocritical.

US Ambassador to the WTO Michael Punke leveled a wide-ranging salvo of criticisms during the two-day Trade Policy Review (TPR), which every WTO member has to undergo on a periodic basis, and said China was falling back into a "tighter embrace of state capitalism".

But China swatted aside many of the criticisms, which included complaints about its failure to disclose subsidies and a lack of transparency and intellectual property enforcement.

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