Brussels is drawing up a plan to treat China as a market economy in trade disputes, but only in tandem with US-style antidumping duties and big cuts to steel overproduction.
The European Commission is seeking a middle way between China’s clamour to be treated the same as advanced economies and complaints from EU member states and industrial groups about surging steel imports.
China says it is entitled to obtain market economy status at the end of the year under World Trade Organisation rules. Supporters of the move, including the UK, say awarding the status would boost investment.
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