China not happy about WTO member complaints
[BEIJING] China on Thursday expressed its displeasure at complaints about the World Trade Organization (WTO) by member nations unhappy with how the organization functions.
The comment came after US President Donald Trump's trade chief said on Monday that the WTO is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.
"China doesn't support some WTO members who deny the usefulness of the organization if their appeals are not satisfied", Gao Feng, a spokesman for the commerce ministry told a regular news briefing on Thursday.
The WTO failed to reach any new agreements on Wednesday, ending a three-day ministerial conference in discord in the face of stinging US criticism of the group and vetoes from other countries.
China strongly opposes some developed countries jointly placing pressure on developing nations over trade issues, Ministry of Commerce spokesman Gao Feng said.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
German unemployment rises more than expected, labour office says
China’s top leaders hint at property support, interest rate cuts
Thailand records current account surplus of US$1.1 billion in March
Indonesia may offer dual citizenship to attract overseas workers, minister says
Bank of Japan upbeat on consumption, service price outlook
Any pivot on rates by Fed will mean more blood in stock markets