Wto Entry For China Not Now

Clinton administration officials said it was unlikely that a broad agreement will be reached this year to admit China to the World Trade Organisation, the New York Times reported on Monday. The Times quoted American and European officials, including U.S. trade representative Charlene Barshefsky, as saying Chinas negotiators offered only piecemeal concessions during talks that ended Friday in Beijing and Geneva. The officials had hoped China would make a comprehensive offer to open its markets and allow foreign competitors to challenge state-owned Chinese industries, the paper said. According to the officials, China is unwilling to make large-scale concessions that would allow foreign companies to sell stock, deliver packages commercially and sell telecommunications services across China, the paper reported.