WASHINGTON (AFP) - China is following the economic practices "highly discriminatory" to support the domestic trade on imports from abroad, an effort that harm the U.S. economy, a commission report to U.S. Congress on Wednesday (Thursday pm).
"Under the guise of helping the development of" indigenous innovation "in the economy, the Chinese government seems determined to exclude foreigners from bidding on government contracts at central, provincial, and local," said Dan Slane, chairman of the Commission on US-China Economic and Security Review.
Warned that Beijing failed to fulfill promises made in 2001 after joining the World Trade Organization (WTO), Slane said the Chinese government "intends to restrict simple enough with a wall of a majority of its economy from international competition."
The main objective of the effort to "indigenous innovation", added the commission, is to reduce China's dependence on foreign technology in a move that was significant in the theft of intellectual property from U.S. companies.
Beijing guidelines in encouraging this, according to Chamber of Commerce report cited by the commission, provides "a blueprint for technology theft on a world scale never seen before."
China launched the "indigenous innovation" was in 2006, officially to encourage development of domestic technology and thereby reduce dependence on foreign.
Tensions flared after Beijing issued a regulation late last year under the campaign innovations that are widely seen by foreign companies as they squeezed out of the government procurement market a multi-billion dollars.
However, China's Commerce Ministry has denied U.S. allegations that it forced foreign companies to receive up to at the hands of technology to rivals China as a market price of admission to the magnitude. A ministry official told AFP in July that the existing policy in accordance with WTO rules.
By : Dan Slane, chairman of US-China Economic Commission
Source : Antara
Translated : Using google Translater facilities
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