China Says It Will Forego WTO Developing Country Benefits

TaiwanPlus News

Chinese Premier Li Qiang says Beijing will no longer seek favorable treatment as a developing country from the World Trade Organization (WTO). The US and other countries have long claimed China has manipulated its developing country status to gain unfair trade advantages.

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00:00China has said it will no longer request developing country benefits from the World Trade Organization.

00:06Chinese Premier Li Qiang made remarks at a development forum on the sidelines of the UN General Assembly in New York.

00:13He said the change would apply to all current and future WTO agreements.

00:18The U.S. and EU have long accused China of manipulating its status to avoid penalty and gain unfair trade advantages,

00:26despite being the world's second largest economy.

00:28In a social media post, the WTO's Director General said she applauded the move.

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