Ian Swanson of TheHill.com writes - “United States business groups are increasingly worried about Chinese policies designed to prop up “national champions” in China.

New rules issues by the Chinese government are supposed to foster “indigenous innovation” businesses in China that would become national champions of business in China. But U.S. firms fear they will hurt the U.S. economy by excluding foreign companies.

The Chinese policies could have a devastating impact on innovative U.S. industries, including computers, software, telecommunications and green technology, the business groups said in a letter to five cabinet members. They are urging the Obama administration to take action.

The pressure from the business community comes amid growing tensions between the U.S. and China on a range of issues.”

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