April 10, 2008
News Release 08-033
Inv. No. 332-492
Contact: Peg O'Laughlin, 202-205-1819
ITC ISSUES REPORT ON CHINESE PRACTICES AND POLICIES
The U.S. International Trade Commission (ITC) today issued China: Description of Selected Government Practices and Policies Affecting Decision Making in the Economy.
The ITC, an independent, nonpartisan, factfinding federal agency, prepared the report at the request of the U.S. House of Representatives' Committee on Ways and Means.
As requested, the ITC described and, where possible, quantified numerous practices and policies that central, provincial, and local government bodies in China use to support and attempt to influence decision making in China's manufacturing, agricultural, and services sectors. The report provides a description of government practices and policies in China with respect to industrial development, the rationalization and closure of uneconomic enterprises, privatization of state-owned enterprises and private ownership, price coordination, utility rates, taxation, the banking and finance sectors, infrastructure development, research and development, worker training and retraining, and restraints on imports and exports. The report also provides an analysis of the likely impact of the December 2006 policy directive from China's State-Owned Assets Supervision and Administration Commission, a directive that outlines the industries the Chinese government considers to be strategically important.
China: Description of Selected Government Practices and Policies Affecting Decision Making in the Economy (Investigation No. 332-492, USITC Publication 3978, December 2007) will be available on the ITC's Internet site at /publications/332/pub3978.pdf. A CD-ROM of the report may be requested by calling 202-205-2000 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104. Requests may also be sent by e-mail to: Pubrequest@usitc.gov.
ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its findings and analyses to the requester. General factfinding investigation reports are subsequently released to the public unless they are classified by the requester for national security reasons.