Ad
Beijing. China 'has moved away from the liberalisation path that had been a strong theme in earlier years,' US official Malpass said (Photo: Jens Schott Knudsen)

US and EU face 'common' China challenge, says US official

China's economic and trade policies are a "common challenge" for the EU and the US, a top US official said in Brussels.

David Malpass, the US Treasury undersecretary for international affairs, said that China "has moved away from the liberalisation path that had been a strong theme in earlier years".


He noted that China "is putting emphasis on state-owned enterprises, on the involvement of the Communist party into the business sectors" and that "heavy subsidies distort the alloca...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Ad
Ad