​​ ​
  1. China asks EU to abide by WTO rules

China asks EU to abide by WTO rules

China today lashed out at the European Union for criticising its economy and said the economic bloc should abide by the WTO rules and avoid abusing trade remedy measures.

By: | Published: December 21, 2017 5:15 PM
China, European Union, WTO rules, Hua Chunying, China's economy China today lashed out at the European Union for criticising its economy and said the economic bloc should abide by the WTO rules and avoid abusing trade remedy measures. (Image: Reuters)

China today lashed out at the European Union for criticising its economy and said the economic bloc should abide by the WTO rules and avoid abusing trade remedy measures.  The EU had described China’s economy as distorted in a recent report.  “The relevant report makes irresponsible remarks on China’s economy and take unfair measures to China through creating various pretexts, but the report does not mention the EU’s own actions in violation of WTO rules,” Chinese Foreign Ministry spokesperson Hua Chunying told reporters here.  “It is hypocritical to have double standards,” she said. “Using zero-sum game mentality to deal with reciprocal cooperation will injure others and harm [the EU] itself.”

She said that in recent years, China’s economic development has made historic achievements, providing important material conditions for development and reform in other fields, and making important contribution to the stability and growth of the world economy.  “The socialist economy with Chinese characteristics has a bright future,” she added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top