Tuesday, October 26, 2010

China Faces Challenge in Defending Export Limits on Rare-Earth Resources

China may be vulnerable in seeking to defend its restraints on the export of rare earths or other commodities because of conditions it accepted when joining the World Trade Organization in 2001, a former WTO judge said. While the trade arbiter’s rules let nations tax exports and safeguard natural resources, China signed pledges that it would only tax or limit exports from a list of specific raw

China official sees room for U.S. trade target: FT

HONG KONG (MarketWatch) -- China and the U.S. have the basis for a pact setting specific targets to cut their trade imbalance at next month's Group of 20 nations summit, according to a senior adviser to the Chinese central bank quoted in a Financial Times report Wednesday. "China should not be afraid of numerical targets for reducing its trade surplus," said Li Daokui, a member of the