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China: US Treasury joins criticism of China antimonopoly policy

 |  September 14, 2014

The US Treasury has reportedly joined the recent wave of criticism hitting China’s antimonopoly policy, as sources say US Treasury Secretary Jacob Lew sent a letter to Chinese Vice Premier Wang Yang warning of potentially souring relations.

Lew advised Wang that China’s recent competition crackdown on foreign companies could harm the relationship it has with the US and could devalue foreign intellectual property, the sources said.

Chinese officials have recently defended their antitrust regulation, arguing that authorities are not biased against foreign companies, as some critics have claimed. Foreign business lobbies have raised complaints against China in the wake of several competition probes launched recently into foreign companies.

Full content: Wall Street Journal

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