EUROPEAN PARLIAMENT PUTS STOP TO MAD COMMISSION CHINESE STEEL PLAN


Ambrose Evans-Pritchard
12 MAY 2016 • 6:32PM

The Telegraph

The European Parliament has voted by an overwhelming majority to deny China the coveted prize of market economy status, warning that it would leave Europe’s battered industries vulnerable to a devastating flood of subsidized Chinese goods.

The protest marks the latest retreat from globalisation and unfettered trade by Europe, and comes as support crumbles both for the Transatlantic Trade and Investment Partnership (TTIP) with the US and for the Mercosur deal with South American sates.

http://www.telegraph.co.uk/business/2016/05/12/euro-mps-fire-thundering-warning-shot-against-china-over-trade-t/

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