Ex-PBOC Chief Says China Must Address Its ‘Loopholes’

One America News Network | 9/19/2018 | Staff
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GENEVA (Reuters) – China must plug loopholes in the way it applies rules on subsidies and technology transfer to address complaints from the United States and the European Union, a former central bank chief said on Wednesday.

Zhou Xiaochuan, addressing a seminar at the Center for Trade and Economic Integration in Geneva, said it would be possible to achieve consensus on reform of the World Trade Organization, a target of U.S. President Donald Trump, who says the global body does not give the United States a fair deal.

Trump - Barrage - Tariffs - Goods - China

Trump has launched a barrage of tariffs on Chinese goods, protesting what he says is China’s theft of American technology and illegal subsidies for state-backed Chinese companies.

Zhou, who stepped down as governor of the People’s Bank of China in March, said China had low levels of public expenditure and most of it went into infrastructure, and was thus not available for subsidies.

Course - Sector - China

“But of course every sector in China has...
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