U.S. says China market economy status not automatic - WTO official

  • 2/5/2023
  • 16:32
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GENEVA, Shawwal 09, 1437, July 14, 2016, SPA -- The United States told China on Thursday that it would not be granted automatic market economy status on Dec. 11 as it has requested, said a World Trade Organization official who was present at the meeting where the exchange took place, according to Reuters. The U.S. official said the burden was on China to establish that it was a market economy, but so far its market reforms had fallen short of expectations, especially in aluminium and steel where state intervention had led to oversupply and overcapacity, threatening industries around the world. The WTO official said it was the first time the United States had responded to China on the issue at the WTO. --SPA 18:51 LOCAL TIME 15:51 GMT www.spa.gov.sa/w

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