U.S. President Donald Trump and China's President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral blog (simply click the up coming website) meeting in Palm Beach, Florida, U.S., April 7, 2017.
REUTERS/Carlos Barria
The US and Europe oppose granting China market economy status at the World Trade Organization.
The US and EU think giving China market economy status would make it harder to prosecute them for exporting goods at improperly low prices.
China blamed Cold War-era prejudices for the decision.
BEIJING (AP) — The Chinese government on Friday criticized U.S. opposition to granting Beijing market economy status in the World Trade Organization as reminiscent of the Cold War.
A U.S. document released Thursday in Geneva supports the European Union in opposing giving China market status, which would make it harder to win anti-dumping cases against Beijing for exporting goods at improperly low prices.
A foreign ministry spokesman, Geng Shuang, called on other governments to follow through on what Beijing says was a commitment to stop treating China's state-dominated system as a non-market economy.
"The so-called non-market economy does not exist in WTO multilateral trade rules," said Geng at a regular news briefing. "It is just reminiscent of the domestic laws of certain WTO members in the Cold War era."
The United States took Europe's side in a case brought by China saying it was automatically entitled to market status in December on the 15th anniversary of its 2002 accession to the WTO.
REUTERS/Carlos Barria
The US and Europe oppose granting China market economy status at the World Trade Organization.
The US and EU think giving China market economy status would make it harder to prosecute them for exporting goods at improperly low prices.
China blamed Cold War-era prejudices for the decision.
BEIJING (AP) — The Chinese government on Friday criticized U.S. opposition to granting Beijing market economy status in the World Trade Organization as reminiscent of the Cold War.
A U.S. document released Thursday in Geneva supports the European Union in opposing giving China market status, which would make it harder to win anti-dumping cases against Beijing for exporting goods at improperly low prices.
A foreign ministry spokesman, Geng Shuang, called on other governments to follow through on what Beijing says was a commitment to stop treating China's state-dominated system as a non-market economy.
"The so-called non-market economy does not exist in WTO multilateral trade rules," said Geng at a regular news briefing. "It is just reminiscent of the domestic laws of certain WTO members in the Cold War era."
The United States took Europe's side in a case brought by China saying it was automatically entitled to market status in December on the 15th anniversary of its 2002 accession to the WTO.