Abstract
The United States, the European Union and Japan refused to accept China's market economy status (MES), so as to continue fleecing the flock of China. They are pursuing trade protectionism by means of default partly because of a deep mercantilist tradition. Although it has long been outside the mainstream academic discourse system, this tradition was clearly demonstrated in the economic policies and played an important role in the rising and incumbent stage of some countries. Nowadays, the world economy is still shrouded in the economic crisis; countries concerned are no longer shy about trade protectionism to get out of sluggish growth and to delay the rise of China. This article seeks to examine the essence of the United States, Europe and Japan's group default and its root from a mercantilist perspective. It also expresses concern about the prospect of the international economic situation.
Highlights
Article 15 paragraph (d) of the “Protocol” says, “In any event, the provisions of subparagraph (a) (ii) shall expire 15 years after the date of accession,” and the subparagraph (a) (ii) of the “Protocol” says, The importing World Trade Organization (WTO) Member may use a methodology that is not based on a strict comparison with domestic prices or costs in China if the producers under investigation cannot clearly show that market economy conditions prevail in the industry producing the like product with regard to manufacture, production and sale of that product
First, according to the “Protocol,” before December 11, 2016, if the producers can clearly show that market economy conditions prevail in the industry producing the like product with regard to the manufacture, production and sale of that product, the importing WTO member shall use Chinese prices or costs for the industry in determining something like calculating the dumping margins, otherwise use the prices or costs of the “surrogate country.”
It means that China should enjoy the treatment of “non-surrogate country” after December 11, 2016, which has nothing to do with the fact whether it is a really perfect “market economy” or not
Summary
It was these economies that made the negotiations of China’s entry into the WTO so tough that some discriminatory provisions were signed. The United States, Europe and Japan are playing a usual trick, namely, changing the concept It is clear from the “Protocol” that other countries expected that the marketization of China would inevitably move forward as long as it joined the WTO, and later it was the case. The discriminatory “surrogate country” method can, but not necessarily, be used, but after the expiration date, something like the dumping margins is always calculated by the domestic prices or costs of China It means that China should enjoy the treatment of “non-surrogate country” after December 11, 2016, which has nothing to do with the fact whether it is a really perfect “market economy” or not . Such WTO members, as it were, can be found everywhere
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