MNI BRIEF: China WTO Decision Promotes Global Trade Reform -Li

China’s decision to relinquish its special and differential treatment (SDT) at the World Trade Organization (WTO) will invigorate WTO reforms and further accelerate global trade and investment liberalisation, Li Chenggang, China's international trade negotiator and vice minister at the Ministry of Commerce told reporters on Wednesday.

Beijing announced that it will no longer seek the advantages afforded by its developing country status within the WTO, the state-run news agency Xinhua reported on Tuesday.

China’s EU exports have gained a significant lift from the yuan’s roughly 10% depreciation against the euro this year, widening its trade surplus, a senior Beijing-based European business leader warned, . (See MNI INTERVIEW: Yuan Depreciation Harming China-EU)