Economy - Voice of America: WTO: China Discriminating Against US Credit Companies

Economy - Voice of America economy-and-business

WTO: China Discriminating Against US Credit Companies Jul 16th 2012, 17:12 The World Trade Organization has concluded that China is discriminating against U.S. credit card companies by denying them full access to the Chinese market. The WTO Monday sided with U.S. claims that a Chinese company, China UnionPay, discriminated against foreign financial institutions by not allowing them legitimate access to the country's electronic-payment systems. The ruling can be appealed to the WTO's Appellate Body, but as it stands, would give such American companies as ...

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