July 11, 2018 / 10:43 AM / 11 days ago

U.S. says the "reckoning" over China trade is too big for WTO

GENEVA, July 11 (Reuters) - A “reckoning” over China’s unfair trade policies can be put off no longer, but many of the most significant problems cannot be handled by the World Trade Organization, U.S. ambassador Dennis Shea told a WTO meeting on Wednesday.

“Given China’s very large and growing role in international trade, and the serious harm that China’s state-led, mercantilist approach to trade and investment causes to China’s trading partners, this reckoning can no longer be put off,” Shea said at a two-yearly review of China’s trade policies, according to a copy of his remarks prepared for delivery at the meeting. (Reporting by Tom Miles; editing by Stephanie Nebehay)

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