Chinese FM urges EU to keep “promise” about economy market status

French Foreign Minister Jean-Marc Ayrault, who is on a visit to China, has met Chinese Premier Li Keqiang and Chinese Foreign Minister Wang Yi in Beijing.
The two foreign ministers held on Monday a joint press conference on issues including trade and regional peace. China urged the European Union to grant it market economy status by the end of this year, which is mandated in the deal Beijing inked with the World Trade Organization.
The remark comes after the European Union lawmakers recently voted against recognizing China’s economy as market economy, saying the Asian country’s excess production capacity and cheap exports are hurting EU jobs.

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