China loses WTO dispute to EU over market economy status
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China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status, as the former allowed the dispute to lapse. The development comes after four years of battle for the market-economy status by China. The designation would have put the country in a stronger position in respect of its commercial and trade partners. A note by the WTO Secretariat said China allowed the dispute to lapse