China on market economy status

China has slammed a recent European Parliament resolution refusing to grant China market economy status.

China says the move is not constructive.

Chinese Foreign Minister Wang Yi on Monday made the remarks when meeting with visiting French counterpart Jean-Marc Ayrault on Monday.

Wang said China has offered a stable and reliable market and abundant jobs for the European Union.

And China hopes the EU can view China’s development objectively, respect World Trade Organization rules and deliver on its WTO obligations.

“As the world’s second largest economy and biggest trade partner for more than 130 countries, China has become a bedrock for protecting global free trade. We don’t want people to continue to look at China through colored glasses.”

The two foreign ministers said China and France will continue to expand cooperation and explore new opportunities in various fields like finance, sustainable development, agriculture, food as well as in third markets.

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