Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. Add InterestThe Chinese government on Friday criticized U.S. opposition to granting Beijing market economy status in the World Trade Organization as reminiscent of the Cold War. A U.S. document released Thursday in Geneva supports the European Union in opposing giving China market status, which would make it harder to win anti-dumping cases against Beijing for exporting goods at improperly low prices. Without that status, other governments have more latitude in declaring China is exporting goods at improperly low prices. "All WTO members should honor their commitments and promises, strictly abide by the international law, and earnestly fulfill the obligation under international agreements."

Source: ABC News December 01, 2017 09:44 UTC