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China gives up WTO developing-country status as tariff tensions linger

Euronews · New
Euronews
Euronews
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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
International PoliticsEconomy