BEIJING Herren Nike Air Presto QS Schwarz Schweiz , Dec. 4 (Xinhua) -- The United States is throwing cold water on the growing geniality of trade relations between itself and China with its rebuke of the latter's bid for recognition as a market economy in the World Trade Organization (WTO).
The U.S. government recently formally opposed to China's bid, citing decades of legal precedent and what it sees as signs the country is moving in the opposite direction.
The truth is that denial of such status for China will give the U.S. government useful tools to launch trade probes into Chinese imports under the excuses of dumping goods at unfair price advantages.
REFUSAL DISTORTS FACTS
The U.S. decision comes as the Trump administration is seeking to bridge the trade deficit with China for the so-called fair and balanced trade. To achieve that end, it is tempting to turn a blind eye to China's concrete moves of market liberalization, international observers said.
Since China has implemented the opening up and reform policy Damen Nike Air Presto Schwarz Schweiz , it has made consistent efforts to improve its market economy system, which has won global recognition. The U.S. refusal distorts facts, according to a spokesperson for the Ministry of Commerce.
China is now the world's largest goods trading nation, being the top trading partner of more than 120 countries and regions.
Su Qingyi Herren Nike Air Presto Qs Weiß Schweiz , a researcher with the Chinese Academy of Social Sciences, said the "non-market economy status" has not held China back from making those achievements.
The United States will not benefit from a battered bilateral trade relationship considering its interwoven interests with China. Protectionist measures also impair the interests of U.S. companies and consumers.