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Beijing helps global system remain afloat

Beijing helps global system remain afloat
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A World Trade Organization official in Geneva says China’s entry to the group in December 2001 is one of the most significant economic events in modern world history, mainly because of the move’s win-win outcomes in the past 15 years.

Yi Xiaozhun, deputy director-general of the WTO, made the comments in an exclusive interview with China Daily ahead of the expiration of China’s 15-year transition period on Sunday.

“China’s historic accession has made both China and the WTO stronger and more vibrant,” said Yi, in a written interview with China Daily.
China maintains that under the terms of its WTO entry, it should be given market economy status with the end of the transition, a view backed by over 100 countries, including the United Kingdom.

The United States, Japan and Canada still refuse to treat China as a market economy because of outstanding anti-dumping cases, even though they had agreed to market economy recognition when China entered the WTO.

Read more at China Daily Asia.

ARTICLE SOURCE: China Daily Asia

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