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World NewsWTO rules against ChinaThe World Trade Organization (WTO) backed the United States on Aug. 12 in a major trade battle with China, issuing a ruling that could ease tight controls and open markets for U.S. makers of DVDs and books, and music downloads. The decision came down against Beijing's policy of forcing American media producers to route their business through state-owned companies. It will not yield immediate revenues in Hollywood or Silicon Valley, and it may take sanctions to force China to ease access for U.S. companies to the world's largest marketplace. A Commerce Ministry spokesman said Aug. 17 that it will appeal the ruling. "We are actively preparing the documents to appeal," spokesman Yao Jian said at a news conference. Yao gave no details of the grounds for appeal but the government denied that it obstructed imports. (AP)
Shukan ST: August 28, 2009 (C) All rights reserved |