Credit card companies carp about China trade rules

Posted March 26, 2010 at 10:41 a.m.

From BusinessWeek | Discover Financial Services and other credit card companies are complaining that China is violating trade rules by blocking them from its $723 billion payment-processing market. According to Trade Representative Ron Kirk, the U.S. hasn’t decided whether to file a complaint with the World Trade Organization about restrictions that block U.S. credit card companies like Riverwoods-based Discover from processing credit- and debit-card transactions in China.

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