International Trade:

Challenges and Opportunities for U.S. Businesses in China

T-NSIAD-96-214: Published: Jul 29, 1996. Publicly Released: Jul 29, 1996.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed the challenges and opportunities for U.S. businesses in China. GAO noted that: (1) energy production, transportation, telecommunications, and the environment are key sectors for U.S. exports to China; (2) impediments to accessing the Chinese market include poor intellectual property protections, and the failure to implement international trade standards; (3) China and the United States are conducting negotiations and establishing memoranda of understanding on these issues, but many improvements have come only in response to U.S. threats and punitive actions; (4) many U.S. businesses in China believe that China's admission into the World Trade Organization (WTO) should depend on China significantly liberalizing its markets; (5) academic experts believe that China needs to improve its basic institutional infrastructure whether its admitted to WTO or not; (6) China has been the largest recipient of World Bank loan commitments in the 1990s and China is using the Bank's services and assistance to reform its economy; (7) to promote market-oriented reforms, the Bank is emphasizing competition, helping government staff develop managerial expertise in competitive bidding practices, project appraisal, and project evaluation methods, and introducing financial analysis techniques and methods; (8) the Bank is also helping reform the Chinese financial sector by moving it from government control and allowing increased participation of foreign financial institutions under certain conditions; and (9) China will need to make further improvements if it is to sustain economic growth and stability.

Sep 28, 2016

Sep 27, 2016

Sep 22, 2016

Sep 20, 2016

Sep 7, 2016

Aug 31, 2016

Aug 25, 2016

Aug 15, 2016

Looking for more? Browse all our products here