China Launches Into Warpath On Trade
2:17 PM 12/12/2016
China claims it is now a market economy and will retaliate against any power that intends to challenge this assertion.
When China joined the World Trade Organization (WTO) on Dec. 11, 2001, the country assumed it would be granted market economy status (MES) on the 15th anniversary of its ascension, but the U.S., Japan, and the European Union are thwarting China’s plans.
“Regretfully, the United States and European Union have yet to fulfil this obligation,” the Ministry of Commerce said in a statement on its website.
President-elect Donald Trump said Thursday, just a few days before the anniversary, that China is a “non-market economy” and demanded that China “play by the rules.”
Read more: http://dailycaller.com/2016/12/12/china-launches-into-warpath-on-trade/#ixzz4SefgJsMt
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