London Daily

Focus on the big picture.
Thursday, Jul 24, 2025

China Vows To open Up Market, But US Sees No Change

China Vows To open Up Market, But US Sees No Change

China has been fighting a trade war with US over accusations that it does not play fair.
China on Wednesday promised the World Trade Organization it would further open its vast market, but the United States swiftly countered that Beijing showed "no inclination to change".

Beijing made the pledges during a WTO review of China's trade practices, an exercise held behind closed doors that all 164 members of the global trade body undergo on a regular basis.

In a report released by the WTO, China proposed to accelerate efforts to foster "a new development paradigm" -- a strategy in which the domestic and international markets reinforce each other, with the domestic market as "the mainstay".

"By fully tapping the potential of domestic demand, the new development paradigm serves to better connect the domestic and international markets, makes better use of both international and domestic markets and resources, and achieves stronger and more sustainable development."

Beijing believes the potential vast market for domestic demand among China's 1.4 billion people would be "fully unleashed" by the plan.

China has regularly pledged to further open up its market over the years, but its trade practices frequently come under criticism.

Beijing has been fighting a trade war with Washington over accusations that it does not play fair.

Beijing is also facing battles with Australia at the WTO. Canberra is challenging Chinese tariffs on barley and has objected to sanctions on a string of other goods.

Last month, Australia asked the WTO to rule against China's imposition of crippling tariffs on Australian wine exports.

In the report, China said it wanted to implement a "more proactive import policy" and further its pilot free trade zones and ports.

As for the climate crisis, the document reaffirmed that China would strive to reach peak carbon dioxide emissions by 2030 and carbon neutrality by 2060.

The last review of Chinese trade policies was in 2018. The United States, under president Donald Trump, questioned China's legitimacy in the WTO, accusing Beijing of not opening up its market sufficiently.

Responding to the review, David Bisbee, the charge d'affaires at the US permanent mission to the WTO, said expectations that China would embrace open, market-oriented policies have not been realised.

"It appears that China has no inclination to change," he said.

"Instead, China has used the imprimatur of WTO membership to become the WTO's largest trader, while doubling down on its state-led, non-market approach to trade, to the detriment of workers and businesses in the United States and other countries.

"Our most fundamental concerns with China's trade regime remain unaddressed."
Newsletter

Related Articles

0:00
0:00
Close
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
×