WTO chief: China is adhering to its trade commitments

Pascal Lamy, the WTO director-general, said that China is "overall" adhering to its WTO commitments, the Wall Street Journal reported, citing an interview with CNBC. Lamy’s comments come after especially sharp public criticism of China’s business environment this month by high-profile American and European executives, who claimed that the government favors domestic firms in some business deals. Lamy also argued that "China would have been the main victim of [the recent financial] crisis if not for its WTO membership." Meanwhile, China’s Commerce Minister Chen Deming wrote an op-ed in the Financial Times arguing that while foreign concerns about China’s business environment are misplaced, the government would strive to increase its domestic openness to foreign multinationals.