The U.S. has long argued China should give up the developing-country status because it is the world’s second-largest economy.
Breakdown
- China will no longer claim developing-country status under WTO agreements.
- The change removes certain leniencies previously granted to China in trade and climate obligations. 13s
- Chinese officials say the move is to support the global trading system amid tariff disputes. 46s
- The WTO praised the decision, while the European Commission urged China to go further by ending existing developing-country benefits. 55s
- China is now considered a middle-income country and is active in global infrastructure projects. 1m 20s