Reuters: EU moving ahead on giving China market economy status
Jyrki Katainen, vice president for jobs and investment, said the Commission was “willing to fulfil our legal commitment but we are not naïve”
The European Union is moving ahead with the process of giving China market economy status to boost trade, but is concerned about overcapacity, a senior European Commission official said on Thursday.
"We are in favor of free trade...as long as overcapacity is harming fair trade it's very difficult to do free trade," Jyrki Katainen, EU Commission vice-president for jobs, growth, investment and competitiveness, said at an event in Hong Kong.
"We are willing to fulfil our legal commitment but we are not naive."
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