Beijing, July 31-- In the US-China Strategic and Economic Dialogue that ended on Tuesday, Chinese Vice Premier Wang Qishan urged the US, among other things, to recognize China's status as a market economy.
The status of market economy is important as it relates to the anti-dumping cases in international trade disputes. When China joined the World Trade Organization (WTO) in 2001, it made a great concession in the form of agreement to treatment as a non-market economy (NME) for up to 15 years.
A country that is subject to anti-dumping investigations is classified as either a "market economy" (ME) or a "non-market economy" (NME). Russia was recognized as a ME in 2002. Currently China is in the NME league together with Albania, Cambodia, Kazakhstan and Vietnam.
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