Anger toward China’s currency, trade and industrial policies has been steadily mounting in Congress, adding pressure on President Obama to take a tough stance with his Chinese counterparts at the Group of 20 leaders’ meeting next week in Toronto.
Trade Tensions With China Shadow G-20 Meeting |
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June 17, 2010
Anger toward China’s currency, trade and industrial policies has been steadily mounting in Congress, adding pressure on President Obama to take a tough stance with his Chinese counterparts at the Group of 20 leaders’ meeting next week in Toronto.
On Wednesday, the House Ways and Means Committee heard from business leaders alarmed about an initiative under which Chinese government agencies would procure high-tech products — including telecommunications, software and energy-saving equipment — only from companies that use technologies developed in China.
Last week, several software executives, including Microsoft’s chief executive, Steven A. Ballmer, visited Washington to complain about technological piracy by Chinese companies. And on Tuesday and Wednesday, the United States International Trade Commission, a federal agency that investigates trade matters, held hearings on enforcement of patents and other forms of intellectual property rights in China.
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