The European Commission today (28 June) announced that it would not grant "market economy status" to China, citing deficiencies in four main areas.
The news is likely to come as a severe blow to the Chinese government whose premier Wen Jiabao made the issue a central plank of his visit to Brussels last month.
Brussels said that Chinese companies suffer from too much state interference, have weak corporate governance measures, do not ensure equal treatment of all companies in ba...
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