U.S. Creating New Office on China Trade – AP

From AP via the New York Times:

A new federal office is being set up solely to concentrate on making sure that China lives up to its trade obligations.

The plan, announced by new Representative Susan Schwab Friday, reflects growing impatience in Congress with Beijing’s slow pace in correcting practices regarded as illegal or unfair.

Schwab also is establishing a new intellectual property office. China has been cited by the administration as a chief source of intellectual property piracy that costs U.S. businesses billions of dollars in losses every year. [Full Text]

See also CDT’s past posts on trade surplus

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