China-US Trade: Trump's Evidence
Threats to blow a hole in the global trading system have transformed into something more bureaucratic. An official hearing instigated by the administration under Section 301 of the 1974 Trade Act will today start gathering China-related complaints concerning technology transfer, intellectual property and innovation. Robert Lighthizer, President Donald Trump's hawkish trade envoy, has promised to act on any evidence of wrongdoing. American companies have groused for years about having to hand over prized intellectual property in order to enter China. In a submission, Wiley Rein, a law firm, also complains that China uses competition law to snuff out foreign rivals. Solutions are not obvious. China's huge market gives it enormous power when setting terms for foreign companies: for example it represented almost a third of demand for American semiconductors last year. The chipmakers fume, but however painful access to the Chinese market may be, losing it might be worse.
生詞好句
instigate /??nst?ɡe?t/: vt. 發(fā)起
envoy /??nv??/: n. 特使
wrongdoing /?r??du???/: n. 錯(cuò)誤行徑
grouse /ɡra?s/: vi. 發(fā)牢騷；抱怨
snuff out /sn?f/：扼殺
fume /fju?m/: vi. 冒煙
更正: 09"09"處的 Frank Wood 應(yīng)為 Frank Underwood.
"However, crisis in world trade is,
among other things, the result of using
political tools in competition or
simply for achieving political
objectives with the help
of economic restrictions."
Vladimir Putin
