2016
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan
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US
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Russia
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India
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Detailed explanation-1: -China is a member of WTO but has the status of a non-market economy.
Detailed explanation-2: -China became a member of the World Trade Organization (WTO) on 11 December 2001, after the agreement of the Ministerial Conference. The admission of China to the WTO was preceded by a lengthy process of negotiations and required significant changes to the Chinese economy.
Detailed explanation-3: -After four decades of reform, China today falls far short of a free-market economy-but it has also come a long way from central planning where the government controls prices and production. The reforms have gone furthest in the manufacturing sector, where AD cases are the most relevant.
Detailed explanation-4: -Market Economy status is a status conferred on the country exporting the goods. • The prices of the goods on which they are exported by the country are not questioned and it is. accepted as the benchmark. • Prior to this status, country is considered as a Non Market Economy (NME).