Senate Finance will hold hearing on Chinese trade policies

The Senate Finance Committee will hold a hearing next week to examine the nation's trade relationship with China. 

The hearing, set for 2:30 p.m. Wednesday, will focus on China's policies that favor "indigenous" innovation, failure to effectively protect and enforce U.S. intellectual property rights, barriers to American agriculture and other imports and discriminatory government procurement practices.  

Senate Finance Chairman Max Baucus (D-Mont.) also plans to discuss the Obama administration's plan to double American exports within five years and getting better access for American ranchers, farmers and businesses to China's markets.

Commerce Secretary Gary Locke and U.S. Trade Representative Ronald Kirk will testify at the hearing. 

Baucus held a hearing with Treasury Secretary Timothy Geithner on June 10 to evaluate the direction of the U.S.-China economic relationship.