Senators to EU: China is not a market economy

2 June 2016 / POLITICO Europe reports that 18 US senators are urging EU Trade Commissioner Malmstroem not to give China market economy status. In a letter dated 27 May, this bipartisan group argues that "labeling China a market economy before it in fact becomes one will thwart global efforts to secure China's compliance with its international trade obligations. [...] We urge the Commission to work with the United States on efforts to secure China's full compliance with its WTO commitments. Only after China has become a market economy should the EU treat it as such." Read the letter here and the POLITICO article here (subscriber only).