A surge in US investment in China since it joined the WTO masks what US automakers, telecommunications providers and farmers say are new barriers to the nation's domestic market.
Since China joined the WTO in December, thousands of foreign-made automobiles have been piling up at Chinese ports, stalled because of a new law aimed at cracking down on fraudulent import licenses. Imports of gene-altered soybeans and corn were also temporarily halted after China adopted new certification rules.
In the meantime, China's domestic auto sales grew by 51 percent in June. Domestic soybean output for this year will reach a record high and corn output will rise by 10 percent, according to government estimates.
The new regulations underscore concerns among US automakers and agriculture producers that China, home to 1.3 billion consumers, is shielding domestic interests and failing to live up to WTO rules.
"There is a certain unwillingness to take bold risks even in the name of WTO compliance," said Robert Kapp, president of the US-China Business Council, which represents companies such as AT&T Corp and Ford Motor Co.
China's quest to join the Geneva-based WTO took 15 years, while it negotiated dozens of trade agreements with WTO members and changed its legal and regulatory systems to recognize individual property rights, foreign ownership and other trade-related activities.
Chen Rongkai, a spokesman for China's trade ministry in Beijing, said the government is in compliance with WTO rules.
"China will adhere to its promises," Chen said.
China, the world's second-biggest corn grower after the US, has also continued subsidies on cotton and corn exports that undercut the US market share in Asia and has shown reluctance to opening its communications market, US agriculture industry officials said.
Representatives from AT&T, Motorola Inc and Cisco Systems Inc traveled to China in late May to make clear that the breakup of the nation's telecommunications monopoly didn't fulfill all of the steps to ensure promised competition.
Still, US foreign direct investment in China is about 17.6 percent higher during the first six months of the year, compared with a year earlier, according to Chinese government data. Most of that boost has been from companies that already had a presence in the country.
NO HUMAN ERROR: After the incident, the Coast Guard Administration said it would obtain uncrewed aerial vehicles and vessels to boost its detection capacity Authorities would improve border control to prevent unlawful entry into Taiwan’s waters and safeguard national security, the Mainland Affairs Council (MAC) said yesterday after a Chinese man reached the nation’s coast on an inflatable boat, saying he “defected to freedom.” The man was found on a rubber boat when he was about to set foot on Taiwan at the estuary of Houkeng River (後坑溪) near Taiping Borough (太平) in New Taipei City’s Linkou District (林口), authorities said. The Coast Guard Administration’s (CGA) northern branch said it received a report at 6:30am yesterday morning from the New Taipei City Fire Department about a
IN BEIJING’S FAVOR: A China Coast Guard spokesperson said that the Chinese maritime police would continue to carry out law enforcement activities in waters it claims The Philippines withdrew its coast guard vessel from a South China Sea shoal that has recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal (Xianbin Shoal, 仙濱暗沙) due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, the Philippine Coast Guard (PCG) spokesman Jay Tarriela said yesterday in a post on X. The Philippine vessel “will be in tiptop shape to resume her mission” after it has been resupplied and repaired, Philippine Executive Secretary Lucas Bersamin, who heads the nation’s maritime council, said
CHINA POLICY: At the seventh US-EU Dialogue on China, the two sides issued strong support for Taiwan and condemned China’s actions in the South China Sea The US and EU issued a joint statement on Wednesday supporting Taiwan’s international participation, notably omitting the “one China” policy in a departure from previous similar statements, following high-level talks on China and the Indo-Pacific region. The statement also urged China to show restraint in the Taiwan Strait. US Deputy Secretary of State Kurt Campbell and European External Action Service Secretary-General Stefano Sannino cochaired the seventh US-EU Dialogue on China and the sixth US-EU Indo-Pacific Consultations from Monday to Tuesday. Since the Indo-Pacific consultations were launched in 2021, references to the “one China” policy have appeared in every statement apart from the
A clandestine US Navy special missions unit colloquially known as SEAL Team 6 has been training for missions to assist Taiwan’s defense against an attack by China, the Financial Times said in a report yesterday. The navy commando team famous for killing Osama bin Laden in Abbottabad, Pakistan, has been conducting training to take part in a Taiwan conflict at its Dam Neck headquarters in Virginia Beach for more than one year, it said, citing sources familiar with the matter. “The secret training underlines the increased US focus on deterring China from attacking Taiwan, while stepping up preparations for such an event,”