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U.S. Disappointed by Slow China Reform, Trump Official Says

  • Since Xi-Trump meeting, U.S. wanted to see more China progress
  • U.S president scheduled to visit Beijing in November
Updated on

The U.S. has been disappointed this year at China’s lack of progress in pursuing market-oriented reforms, said a senior administration official, ratcheting up the pressure on the world’s second-largest economy ahead of President Donald Trump’s visit there next month.

While China made progress in previous decades toward market pricing and reducing the number of state-owned enterprises, the U.S. is concerned now with subsidies, excess capacity, and its industrial policy, said the official, who asked not to be identified in order to discuss sensitive policy issues.