From The Wall Street Journal:
China marked the fifth anniversary of its entry into the World Trade Organization with an unwavering defense of its record on market opening that offered no concessions to overseas critics of its trade and currency practices.
“For the past five years, we have conscientiously abided by WTO rules, implemented all obligations and commitments and substantially lowered import tariffs,” Vice Minister of Commerce Yi Xiaozhun said in a speech at a gala event in Beijing’s Great Hall of the People. The elimination of nontariff trade barriers and other regulatory changes required by the WTO have made China’s market “one of the most open in the world,” Mr. Yi said.[Full Text]
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