Europe to snub China on status of economy (Financial Times)

“The European Union will refuse to recognise China as a market economy, after an in-depth inquiry by Brussels found the Chinese economy suffering from too much state interference, weak rule of law and poor corporate governance.

The findings, contained in a confidential report obtained by the Financial Times, deal a blow to the Chinese leadership, which has lobbied countries around the world to grant Beijing market economy status. Wen Jiabao, China’s premier, made the issue a central part of his discussions during a visit to Brussels last month. ”

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