China has conceded defeat in its dispute with the US and EU. Photo: Reuters

China halts World Trade Organisation fight over market economy status

  • Official says Beijing was forced to halt action against the EU and United States because ‘they were losing so much’
  • Decision means Europe and America can continue to impose duties on cheap Chinese goods
Topic |   US-China relations

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China has conceded defeat in its dispute with the US and EU. Photo: Reuters
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