United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office National Security and International Affairs Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-07-29 monographic deposited born digital 15 p. GA 1.13:T-NSIAD-96-214 https://www.govinfo.gov/app/details/GAOREPORTS-T-NSIAD-96-214 P0b002ee1803a3ed6 f:ns96214t DGPO 2010-08-12 2011-03-24 GAOREPORTS-T-NSIAD-96-214 machine generated eng fdlp REPORT GAOREPORTS-T-NSIAD-96-214 T-NSIAD-96-214 Business assistance Economic growth Foreign governments Restrictive trade practices Foreign policies International economic relations International trade regulation Foreign trade agreements International cooperation China Beijing (China) Shanghai (China) Shenzhen (China) Dalian (China) Jiangsu (China) Testimony NSIAD

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. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-NSIAD-96-214/html/GAOREPORTS-T-NSIAD-96-214.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-T-NSIAD-96-214/pdf/GAOREPORTS-T-NSIAD-96-214.pdf GAO/T-NSIAD-96-214 https://www.govinfo.gov/app/details/GAOREPORTS-T-NSIAD-96-214 Testimony GAO/T-NSIAD-96-214; International Trade: Challenges and Opportunities for U.S. Businesses in China; Business assistance Economic growth Foreign governments Restrictive trade practices Foreign policies International economic relations International trade regulation Foreign trade agreements International cooperation China Beijing (China) Shanghai (China) Shenzhen (China) Dalian (China) Jiangsu (China) Title 19 Section 2242 19 U.S.C. 2242 Public Law 100-418