#421 why has China renounced its WTO privileges?
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#421 why has China renounced its WTO privileges?
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このコンテンツについて
China Morning Post, examines China's recent decision to abandon its status as a developing nation within the World Trade Organization (WTO). It provides an overview of the WTO's function, emphasizing its role in strengthening trade rules and reducing tariffs, and explains the historical context of China's 2001 accession, which was backed by the U.S. under the assumption it would foster economic and political reform. The discussion focuses on how China, despite its special developing status, rapidly grew to become the world's second-largest economy, sparking accusations of unfair competition due to its state subsidies and non-market economic system. Ultimately, the transcript analyzes the reasons for the change, suggesting it is a political move prompted by the U.S.-China trade war that allows Beijing to reposition itself as a leader of the Global South.