Former WTO chief says EU likely to grant China market economy status soon

The European Union will likely grant China recognition as a market economy soon, former World Trade Organization head Pascal Lamy said.

He made the prediction as the 15th anniversary of China's accession to the WTO approaches on Sunday.

Lamy, who was the WTO director-general from 2005 to 2013, said in Beijing that while the EU is likely to recognize China's market economy status, it will also probably change its anti-dumping regulations in a non-discriminatory way.