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4) Last week, the U.S. protested at the World Trade Organisation against China’s bid for recognition as a market economy. What is market economy? Why does China want this status? Why is the US opposing it? Also examine how will China’s elevation as market economy affect India.

Topic:  Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests 

4) Last week, the U.S. protested at the World Trade Organisation against China’s bid for recognition as a market economy. What is market economy? Why does China want this status? Why is the US opposing it? Also examine how will China’s elevation as market economy affect India. (250 Words)

The Hindu