clear
Tuesday December 12th, 2017 4:34PM

China criticizes US for 'non-market economy' stance

By The Associated Press

BEIJING (AP) — The Chinese government has criticized U.S. opposition to granting Beijing market economy status in the World Trade Organization as reminiscent of the Cold War.

A foreign ministry spokesman, Geng Shuang, on Friday called on China's trading partners to follow through on what Beijing says was a commitment to grant its state-dominated economy market status as part of its WTO accession.

A U.S. document released this week supports the European Union in opposing granting China market status in the WTO. Such status would make it harder to win anti-dumping cases against Beijing.

Geng said "non-market economy" status doesn't exist in WTO rules. He said, "it is just reminiscent of the domestic laws of certain WTO members in the Cold War era."

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
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