Search
 
News

Era of Congratulating China Is Over

Trump administration official says China has been praised for too long "when in reality they’re perpetuating a system that ... ended up costing jobs in most of the rest of the world."

By Andrew Mayeda | Updated on February 21, 2018

The U.S. is done applauding China for promising economic reforms and wants to see the Asian nation back up its professed support for open trade, according to a senior U.S. Treasury official.

The world has woken up to China’s failure to open its economy to market forces, as Beijing promised when it won membership in the World Trade Organization in 2001, said David Malpass, the Treasury’s undersecretary for international affairs. His comments add to the barrage of criticism the Trump administration has unleashed over China’s trade and investment practices, though it’s done little yet to act on a promised crackdown.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.