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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3331)	4/1/2004 2:06:22 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

USTR: Chinese economic policy hurts U.S. firms in China WASHINGTON (CBS.MW) -- China has made progess in opening up its markets to foreign firms since it joined the World Trade Organization three years ago but still maintains "substantial barriers to trade that have yet to be dismantled," said U.S. Trade Representative Robert Zoellick in the annual assessment of the practices of U.S. trading partners. Zoellick said the Chinese government's economic policy "prevents U.S. businesses from achieving their full potential in the China market." The report noted that the Bush administration has unsuccesfully been pressing China to drop its decade-old peg to the dollar and would continue to urge Beijing to move to a flexible exchange rate regime.