China slams Europe's refusal to grant market economy status

GMT 22:21 2016 Monday ,16 May

Arab Today, arab today China slams Europe's refusal to grant market economy status

Chinese Foreign Minister Wang Yi (3rd R) meets with French Foreign Minister Jean-Marc Ayrault (3rd L)
Beijing - XINHUA

China on Monday slammed a recent European Parliament resolution refusing to grant China market economy status, saying the move was not constructive.

"As the world's second largest economy and biggest trade partner for more than 130 countries, China has become a bedrock for protecting global free trade. We don't want people to continue to look at China through colored glasses," Chinese Foreign Minister Wang Yi said.

China has offered a stable and reliable market and abundant jobs for the European Union (EU). China hopes the EU can view China's development objectively, respect World Trade Organization rules and deliver on its WTO obligations, Wang said at a joint press conference with his French counterpart, Jean-Marc Ayrault, after their talks.

The WTO obligations Wang mentioned include the "surrogate country system," a term used by the EU in anti-dumping investigations, under which costs of production in a third country are used to calculate the value of products from non-market economies.

"WTO members should end the practice by December 11, 2016 under the agreement signed when China joined the World Trade Organization. It is an obligation for all the WTO members, not subject to any member's criteria at home," Wang said.

"Whether the EU grants market economy status to China or not, it needs to deliver on its WTO obligations rather than dodge them," Wang said.

The two foreign ministers said China and France will continue to expand cooperation and explore new opportunities in finance, sustainable development, agriculture, food as well as in third markets.

China and France have great expectations for bilateral cooperation in climate change and international affairs, including within the Group of 20 and on the Syria issue, according to the two foreign ministers.

Wang said China will continue to facilitate a political settlement of the Syria crisis.

France and China agree the Syria crisis will be resolved not through military means, but through political settlement featuring dialogue and adherence to UN resolutions, Ayrault said.

Ayrault said President Francois Hollande is looking forward to attending the G20 summit in Hangzhou in September and that France is willing to work with China to ensure the event is a success.

Chinese Vice Premier Liu Yandong and State Councilor Yang Jiechi also met with Ayrault on Monday afternoon, pledging to cooperate more in economy, trade, technology and people-to-people exchanges.

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