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Europe Considers a New Trading Status for China

Feb 8, 2016 | 09:30 GMT
A car makes its way down an assembly line in a Qingdao factory, in eastern China, on July 15.
(STR/AFP/Getty Images)

The European Union will have to decde this year whether to grant China market economy status at the World Trade Organization (WTO). A market economy, as the name implies, is an economy that is driven by market forces, such as businesses, banks and consumers. Conversely, a non-market economy -- China's...

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