Chinese exporters’ mood swung from low to high on July 15, when the World Trade Organization supported China’s case against the European Union’s anti-dumping duties on Chinese-made steel fasteners.
This unprecedented victory over the Europeans came 10 days after the WTO ruling that China’s restrictions on raw materials exports were illegal. The rulings under the same WTO framework have mirrored to some extent the conflicting interests and unequal status of WTO members.
