China raises stakes in trade row with US

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The Independent Online
China raises stakes in trade row with US

Peking - China has raised the stakes in its tit-for-tat trade row with the United States by threatening to halt approvals for US companies wanting to set up branches, representative offices and joint ventures on the mainland, writes Tess Poole.

This would be in addition to a Chinese package of punitive tariffs which would be imposed on a range of US imports. China said its measures would go into effect "the day" Washington decided to proceed with its threatened tariff hikes on $2bn (pounds 1.4bn) worth of Chinese products, announced this week in protest at Peking's failure to honour an copyright anti-piracy pact agreed last year.