Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

The Dragon Bites Back

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • The American medical device industry, according to some China experts, may be a victim of retaliation by some Chinese authorities because of complaints by the United States over unsafe and dangerous exports of Chinese products.

    These experts say China’s consumer product safety authority has been discredited by the recent disclosures of tainted products. That appears to have opened the door for a separate customs bureaucracy, which issued the new regulation that worries the Bush administration, to grab power from a rival agency.

    “I can’t tell you how many companies have come up to me — software, chemicals, autos — who say they’re concerned about the trend,” said a senior administration official, speaking anonymously to avoid antagonising the Chinese. “We’re very troubled about the long-term direction on some of these policies.”

    The American concerns are shared in Europe, which like the United States, is growing more upset about the trade deficit with China. “What we’re seeing are growing industrial interests lobbying state authorities in China and giving them preferential treatment,” Peter Mandelson, the top trade envoy of the European Union, said in an interview. “The result is clear discrimination against foreign companies.”

    Ads by Google

    There has been little progress on Paulson’s top priority of getting China to let the value of its currency rise, a step that would make imports from China more expensive and exports to China cheaper, and there are worries that the dialogue will increasingly be seen as useless.

    The medical device industry is one of several that seems to have been the target recently, administration officials say. The fear in Washington is that the growth of sales by big manufacturers like Medtronic, Johnson & Johnson, and Boston Scientific, which have doubled since 2002, could be set back.

    ... contd.

    PreviousNext123
    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.