USTR Lighthizer says wants to open China, not change its economic system

By Kitco News / May 01, 2018 / www.kitco.com / Article Link

WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer said on Tuesday it was not his objective to change China’s economic system, but he would try to find ways to limit the damage it causes to the United States and open it further for U.S. companies.

Speaking at the U.S. Chamber of Commerce ahead of his participation in a Trump administration trade delegation to China later this week, Lighthizer said he wants to introduce more foreign competition into the Chinese economy.

“It is not my objective to change the Chinese system.” Lighthizer said. “It seems to work for them ... But I have to be in a position where the United States can deal with it, where the United States isn’t the victim of it and that’s where our role is.”

Reporting by David Lawder; Editing by Bernadette Baum

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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