China in the dock, U.S. slams 'economic coercion'

The United States has accused China of failing to meet its commitments to the World Trade Organization and says it is exploring new ways to combat aggressive Chinese trade practices. In its annual report on Chinese compliance with WTO rules, the Office of the U.S. Trade Representative said Wednesday that China isn’t keeping the promises it made to open its markets to foreign competition when it joined the 164-country Geneva-based agency in 2001. Among other things, the United States repeated longstanding accusations that China uses subsidies and regulations to favor its own companies at the expense of foreign competitors. Watch full video.