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INTERNATIONAL > East Asia & Pacific

Japan hesitant to recognize China as “market economy”

  • December 5, 2016
  • , Yomiuri
  • JMH Summary

This morning’s Yomiuri wrote that Japan, the U.S., and European countries are unlikely to recognize China as a “market economy” as defined by the WTO on account of its protectionist approach, predicting that trade friction may emerge between Beijing and the Western nations as a result. China has insisted that it should be granted “market economy” status starting on Dec. 11 because when China joined the WTO officially in 2001, Beijing accepted that the country would be treated as a “non-market economy” for 15 years.   

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