The United States should « use every arrow » in its quiver to ensure a level commercial playing field in China, a U. S. business lobby said on Tuesday.
The United States should « use every arrow » in its quiver to ensure a level commercial playing field in China, a U. S. business lobby said on Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country.
China’s policies designed to support domestic companies and create national champions have narrowed the space for foreign companies, the American Chamber of Commerce in China said in its annual business climate report.
The White House has said U. S and Chinese officials are fleshing out a pledge by leaders Donald Trump and Xi Jinping for a 100-day plan to cut the U. S. trade deficit with China, which reached $347 billion last year.
But the chamber said it hoped more attention would be paid to market access for American firms in China.
« Right now basically we are recommending everything you have in your quiver – please use every arrow possible, with the understanding that some of these points of leverage could be counterproductive to us, » chamber chairman William Zarit said, referring to possible backlash from Beijing.
