U.S. Said to Complain to China Over Anti-Monopoly Crackdown
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U.S. expressions of concern that China is selectively applying anti-monopoly laws to discriminate against foreign companies escalated, with the Treasury chief sending a letter on the matter to his counterpart in Beijing.
Treasury Secretary Jacob J. Lew said in the note to Vice Premier Wang Yang that China is using competition law to force companies to cut prices its consumers pay for products relying on foreign intellectual property, according to a person with knowledge of the correspondence. Lew said such steps might have consequences for bilateral ties, according to the person, who asked not to be identified because the letter isn’t public.