EU Parliament passes deal to address China's market economy status

The European Parliament on Wednesday approved legislation to abolish its list of non-market economies while still allowing the European Commission to use third-party data in trade remedy investigations involving countries with significant market distortions. China has brought a case against the EU at the World Trade Organization over its status as a non-market economy in the eyes of the Commission. Beijing believes WTO members can no longer treat China as such after a provision in its WTO accession protocol that...