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US urges China to lift restrictions on investment

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The US welcomes growing Chinese investment in America, but says China's restrictions on foreign companies operating in its own country are a major barrier to improving commercial relations, a top official said Wednesday.

 

Commerce Secretary Gary Locke said Chinese companies are freer to operate in the United States than US firms are in China. American companies are frequently shut out of entire industries or forced to give up proprietary information, he said. (AP)

 

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