Criticism of China for its role in favouring local industry at the expense of US companies has gone too far and could lead to a dangerous bout of trade protectionism, according to Sandy Cutler, chief executive of Eaton , the US industrial conglomerate,
Mr Cutler, CEO at the group for the past 10 years, said that some of the criticism of China by US industrialists and politicians over actions such as currency manipulation was the result of “national jealousy” in the US about China’s relatively buoyant economy.
“There is a strand of political thought in the US that is against the idea of free trade, with China bearing the brunt of a lot of negative comments,” said Mr Cutler in an interview with the Financial Times in London.
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