China Readies Itself for Global Trade War with U.S. and WTO

You see, when Beijing negotiated the terms that allowed China to accede to the WTO in 2001, the United States agreed to treat China as a “non-market economy” (NME) in antidumping cases.

At least for the next 15 years, after which China would then get a WTO status upgrade to “market economy.”

Europeans, comply or else…

Following the European Commission decision to tax imports of Chinese solar panels, Beijing has decided to launch a probe on European wine imports. And if the 27 do not get the message, other retaliatory measures will follow, warns the Chinese official newspaper.

China’s decision to launch an anti-dumping and anti-subsidy probe into wine imports from the European Union signals the country will safeguard its major economic interests – and it has ample cards in hand to do so.