US follows the EU in impeding China market economy status in WTO

A ship with containers at the port of Rotterdam. (Copyright: European Union. Source: EC - Audiovisual Service. Photo: Robert Meerding)

Trade relations between China and the West may be on the brink of a substantial turn. Last Thursday, the United States have formalized to the World Trade Organization (WTO) its opposition to China’s request to be recognized as a “market economy”. The move, which is strong enough to represent a gamechanger alone, comes amid a […]