Beijing (AFP) – China’s battle for recognition as a market economic system that may help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing’s deal to affix the WTO expires Sunday. It simply is unnecessary to continue arguing that we must give priority to the benefits of the market when they are in the strategy of disappearing. For empirical evidence, just have a look at how rapidly and how totally China fell victim to all the disadvantages of the market once it set out to avail itself of the market’s advantages. Market¬†economic …

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