After 20 years as a member of the World Trade Organization, China has failed to adopt the institution's rules and has become an even more "state-led, non-market" economy, US President Joe Biden's administration said Wednesday.
"China also has a long record of violating, disregarding and evading WTO rules to achieve its industrial policy objectives," the office of the US Trade Representative said in its annual report for Congress.
"In fact, China's embrace of a state-led, non-market approach to the economy and trade has increased rather than decreased over time, and the mercantilism that it generates has harmed and disadvantaged US companies and workers, often severely," USTR said, adding Beijing has not honored its trade commitments over time.
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Published 16 February 2022, 10:46 IST