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Economics & Trade

China's fifth WTO birthday "decidedly mixed"

December 11 marks the fifth anniversary of China's entry into the World Trade Organization. Observers around the world are looking to determine if China has met its obligations, particularly in regards to foreign access to retail banking, according to the BBC. A report from the US Trade Representative Monday was expected to say China has been "decidedly mixed" in meeting WTO agreements, the BBC reported, quoting AP. It would also highlight concerns over intellectual property, subsidies and access for US farming goods. A delegation of top US representatives, including Treasury Secretary Hank Paulson and Federal Reserve Ben Bernanke travel to Beijing this week. Trading partners have also complained that China is overly restrictive in allowing foreign goods.

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