China’s Investment Curbs Prompt U.S. Frustration, Locke Says
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China has failed to deliver on pledges made to the U.S. to guarantee equitable treatment of foreign investors, creating “real frustrations,” Commerce Secretary Gary Locke said.
Locke, who is waiting for Senate confirmation to be the next U.S. ambassador in Beijing, said China pledged twice in the past two years to lift restrictions on foreign investments in industries where U.S. companies hold a competitive advantage.