Beijing’s rejection of a special trade status signals both ambition and restraint in shaping the global economic order
When Chinese Premier Li Qiang announced in late September, on the sidelines of the United Nations General Assembly, that China would no longer seek new “special and differential treatment” (SDT) in current or future World Trade Organization (WTO) negotiations, the statement seemed, at first glance, like a modest policy clarification. Yet beneath the surface, this decision carries profound implications not only for China’s global role but also for the future of multilateral trade governance.
To grasp the significance, one must…
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