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US official warns China to open markets

By Reuters March 29 05:54 GMT

China could pay a political price in Washington for not doing more to open its markets in sectors ranging from aviation to financial services, a senior US official said on Thursday.

Undersecretary of Commerce for International Trade Frank Lavin acknowledged the efforts China had made to liberalise its markets after it joined the World Trade Organisation in 2001, but he said Beijing had made little to no progress in opening a number of critical sectors over the past two years.

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