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WTO hails Chinese decision to forgo developing country benefits

Investing.com•Wednesday, September 24, 2025 at 11:18:30 AM
PositiveFinancial Markets
WTO hails Chinese decision to forgo developing country benefits
The World Trade Organization (WTO) has praised China's recent decision to relinquish its developing country status, a move that could reshape global trade dynamics. This decision is significant as it reflects China's commitment to taking on greater responsibilities in international trade, potentially leading to a more equitable trading system. By stepping away from certain benefits reserved for developing nations, China is signaling its readiness to engage more fully with the global economy, which could foster stronger trade relationships and enhance cooperation among nations.
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