American Chamber of Commerce in China welcomes legislation ‘in principle’ but says it doesn’t go into enough detail and needs more consultation
Legislation is likely to be rushed through rubber-stamp legislature as part of efforts to meet US trade war demands
Alan Beebe, president of the American Chamber of Commerce in China, said the promise to buy more US soybeans was “really low-hanging fruit", and that a binding agreement with an enforcement mechanism for Chinese structural reform was needed. That could mean the use of tariffs to ensure progress or seeing “sufficient teeth” in regulations and laws for...
[Video] Former Assistant US Trade Representative, Timothy Stratford, explains why China’s heavily subsidised state-owned-enterprises are like a #Superbowl team pitted against #WorldCup soccer players, that is, the US.
“It has some good language in it, but it's a lot shorter than the original drafts," said Timothy Stratford, chairman of the American Chamber of Commerce (AmCham) in China and former assistant US trade representative for China affairs.