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China refutes U.S. accusations of its economic model

China refutes U.S. accusations of its economic model

ChinahasbeenstickingtotherulesagreedwhenitjoinedtheWTOin2001,whiletheUSisdemonizingChinabyattackingitseconomicmodeltotaketheheatoffitself,saidZhangXiangchen,China’senvoytotheWorldTradeOrganizationduringthemeetingofGeneralCounciloftheWTOinGenevaonThursday.“TheUSisseekingtodiverttheattentionoftheinternationalcommunityandeasetheheatonitself,”Zhangsaid,addingthattheUShasunsettledtheworldbylaunchingaglobaltradewarcitingitsdomesticlaws–Section232and301,“China’strade-disruptiveeconomicmodel”priortothemeeting,rcountries’’sofficialpolicy,cuttingoutreferencestothedecisiveroleofthemarketinallocatingresources,,recognizingthedecisiveroleofthemarketinallocatingresourcesisthefoundationforeconomicandtradeexchangesbetweenChinaandotherWTOmembers.“China’sstate-ownedenterprisesareindependentmarketentitiesresponsiblefortheirownprofitsorlosses,andChinadoesnothavemandatorytechnologytransferregulations,”,Chinahasmadecontributionstotheworld,butstillhasalongwaytogoinachievingsufficientandbalanceddevelopment.。

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