When Beijing announced in September that it would no longer seek the special benefits that come with developing-country status at the World Trade Organization (WTO), some Western media outlets framed it as a concession. Meanwhile, to critics of China’s trade policy, it likely came across as a belated acknowledgement that the world’s second-largest economy should not be treated the same as, say, Cambodia or Ghana. However, China’s logic is far from being understood.
Through the lens of Mao…When Beijing announced in September that it would no longer seek the special benefits that come with developing-country status at the World Trade Organization (WTO), some Western media outlets framed it as a concession. Meanwhile, to critics of China’s trade policy, it likely came across as a belated acknowledgement that the world’s second-largest economy should not be treated the same as, say, Cambodia or Ghana. However, China’s logic is far from being understood.
Through the lens of Mao…  Read More ​China Economy – South China Morning Post