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China relents on financial news firms


November 13, 2008 The U.S. Trade Representative said Thursday that it has resolved a World Trade Organization dispute with China over the treatment of foreign financial information providers such as Bloomberg and Dow Jones, paving the way for more direct sales of those services to Chinese customers. Trade representatives from those countries, along with the USTR, filed a complaint with the WTO in March, alleging discriminatory practices by China that favored domestic firms, including Xinhua Financial News. China had agreed to extend equal treatment to foreign financial information providers as part of its WTO accession agreement when it joined in December 2001.

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