European parliamentarians have delivered a blow to China’s ambition to be recognised as a “market economy”, a status that would give the Asian country’s exports easier entry into the bloc.
EU lawmakers passed a resolution saying that China was still not eligible for such a step and that there was no case for relaxing anti-dumping rules against the country, which can place retaliatory tariffs on Chinese goods that are found to be below market prices.
Yesterday’s resolution was supported by 546 lawmakers, while only 28 voted against and 77 abstained.
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