China doesn't play fair on trade: Rice
Sunday, 8 July 2007
WASHINGTON, July 7 (AFP): US Secretary of State Condoleezza Rice yesterday accused China of flouting the rules of global trade in its headlong economic expansion.
"China doesn't play fair," she said in an interview with the financial news television network CNBC, noting that the US Treasury is leading a strategic dialogue with the Chinese government on a range of irritants, including China's exchange rate.
The US administration "has not been hesitant" to deploy trade tools against China, including a complaint lodged with the World Trade Organisation (WTO) over copyright piracy.
"But on balance, a growing, strong Chinese economy is going to be a good thing for the international system," Rice said. "But it has to be a growing, strong Chinese economy that plays within the rules."
"China doesn't play fair," she said in an interview with the financial news television network CNBC, noting that the US Treasury is leading a strategic dialogue with the Chinese government on a range of irritants, including China's exchange rate.
The US administration "has not been hesitant" to deploy trade tools against China, including a complaint lodged with the World Trade Organisation (WTO) over copyright piracy.
"But on balance, a growing, strong Chinese economy is going to be a good thing for the international system," Rice said. "But it has to be a growing, strong Chinese economy that plays within the rules."