China Dismisses U.S. Chip Complaint

China scoffed at U.S. accusations it was rigging its $30 billion chip market against American imports, which could result in the first complaint lodged with the WTO.

The potential complaint would be the latest in a string of pre-U.S. election skirmishes as congressional anger grows over low-cost China’s $125 billion surplus with the United States.

The United States could soon lodge a complaint to the WTO against China–breaking from a trend of resolving spats directly with Beijing–over tax breaks enjoyed by chip companies based on the mainland, U.S. officials say.

Read more of this story at CNET News.com.

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