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EU still refuse to admit China market economy status

EU still refuse to admit China market economy status

Write: Helen [2011-05-20]
Recently, EU and China hold bilateral convention in Finland. It can be seen that the anti-dumping dispute between China and EU still disturb the trade between both sides.
For a long period, China s demanding on EU to admit its market economy status was ignored in this summit convention The president of EU committee pointed out that four drawbacks prevent EU to admit China complete market economy status.
At present, the trade sum between Sino-EU have increased to 255billion USD/year, but the dumping dispute between both sides hurt their relationship
During the convention, the president showed that China must reach specific technique standard before EU makes decision, which includes government s force, accountant guide line, the innovation of bankruptcy and law & financial service domain.