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WTO called in over China dispute.
Byline: laura smith
WTO called in over China dispute
Laura Smith
Frustration over Chinese restrictions on foreign financial news companies escalated into a trade dispute last month when the US and the EU filed a joint formal complaint to the World Trade Organization (WTO).
The row is rooted in China's decision two years ago to require companies such as Bloomberg, Reuters and Dow Jones to distribute their information through a branch of the state news agency, Xinhua, rather than deal directly with clients.
Xinhua's subsequent decision to set up Xinhua 08, its own financial data unit which will compete with Western providers, was the final straw. Reuters and others fear greater restrictions to come on their provision of data.
The ...
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Source: HighBeam Research, WTO called in over China dispute.