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.” Continue reading
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. Continue reading