US Lawmakers Move to Strip China of Developing Country Label as
PRCs Economy Overtakes US
US-led institutions granted China “developing country” status in the late 1990s and early 2000s, allowing the country to take advantage of certain perks, such as the right to apply higher tariffs, reduced responsibilities on climate change, and lower interest loans. In recent years, Beijing has voluntarily agreed to give up many of these benefits.
In a rare display of bipartisan unity, the US House of Representatives unanimously passed legislation requiring the US government to refuse to treat the People’s Republic of China as a developing nation.
The bill, literally entitled the “PRC is Not a Developing Country Act,” passed unanimously in the House in a 415-0 vote on Monday and requires the State Department to “oppose the labeling or treatment of the People’s Republic of China as a developing country in any treaty or other international agreement to which the United States is a party.” The same goes for international organizations.
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