The WTO Trade Policy Chinese household
One would have expected a drubbing on the yuan, accused of being deliberately undervalued by Americans and Europeans. It is not. A report that was released on Monday the World Trade Organization (WTO) on China suggests, but is hiding, without taking sides, behind the wishes of the International Monetary Fund (IMF) to see Beijing accept one day to revalue its currency.
For its third report on the trade policy of China since the latter's accession to the organization in December 2001, WTO household Beijing and focuses on her efforts as the conflicts it has caused.
She said she lifted many restrictions on foreign investment in services, telecommunications and tourism, "even if it still exists."
It notes that China is gradually realized the importance of intellectual property while it drops a lot of barriers.
At most, the organization she regrets that the abandonment of government restrictions don not "not so fast for exports and imports. It denounces in particular the prohibitions on sales of raw materials and "give an unfair advantage to Chinese companies." In doing so, Beijing makes them "more expensive for foreign manufacturers and more advantageous for its own factories.
Not a word about Doha
But the WTO recognizes the same time as China, highly dependent on exports, is particularly vulnerable to the crisis in Europe and the United States.She recalled that last year China's exports fell 16% while imports fell by 11%. A situation which, she notes, can be a source of conflict among the members of the organization, adding that last year the Chinese were involved in 15 cases, 4 as complainant and 11 as defendants.
Far from attacking Beijing, the WTO advised rather gradually rebalance its two engines of growth are exports and domestic consumption. But to do so, he must first, she insists, make social reforms in depth, particularly in health coverage and unemployment benefits.
Not a word about the Doha Round trade liberalization, including the Director General of WTO, Pascal Lamy, says he is "stalled", partly because the Chinese.