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US formally opposes China market economy status at WTO

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US formally opposes China market economy status at WTO

The U.S. and EU argue that the state's pervasive role in the Chinese economy, including rampant granting of subsidies, mean that domestic prices are deeply distorted and not market-determined. A victory for China before the WTO would weaken many countries' trade defenses against a flood of cheap …
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Magnitude 4.1 earthquake hits Delaware and jolts eastern US coast

The US Geological Survey says the 4.1 magnitude quake struck just after 4.45pm Thursday, and was centered about six miles (10km) east-north-east of Dover, Delaware. People from as far away as Washington and New York City reported that they felt the movement. The quake jolted downtown Dover, …
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