U.S. business lobby calls on China to play fair

a close up of a flag: FILE PHOTO: U.S. and Chinese flags outside the Pentagon © Reuters/YURI GRIPAS FILE PHOTO: U.S. and Chinese flags outside the Pentagon

BEIJING (Reuters) - China should implement its commitments to equal treatment for foreign business and abandon "implicit" guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday.

In an annual white paper, the chamber, also known as AmCham, which represents 900 companies, also called on the United States and China to communicate more and cooperate on climate change and public health.

The relationship between the world's two biggest economies deteriorated rapidly over the past few years over issues ranging from trade to China's response to COVID-19.

Foreign businesses in China have long complained about limited market access, opaque regulatory processes, the favouring of domestic champions and state-owned companies, and weakness in intellectual property protection.

Beijing has repeatedly said it treats foreign and domestic firms equally and welcomes foreign investment. The government is meanwhile also trying to spur domestic innovation and reduce reliance on foreign technology and markets.

Legislation promising equal treatment for foreign and domestic companies is only unevenly implemented, said the paper, which also called for emerging sectors like cloud computing to be opened up to foreign companies.


Video: S.Korean president: 'Time to take action' on N.Korea (Reuters)

U.S. business lobby calls on China to play fair