Strip China of its Developing Nation Status, 4050
Stillreport: Good afternoon, I’m still reporting on China. The House of Representatives has unanimously passed a bipartisan bill to strip communist China of its international status as a developing nation, thereby limiting the regime’s access to certain aid from the United States and other nations. The bill named the “PRC is Not a Developing Country Act” passed by a vote of 415 to 0 with 20 representatives not voting. It will now move to the Senate for final passage into law. Communist China has been classified as a developing country by the World Trade Organization since it joined the organization in 2001. This classification has allowed China to receive numerous benefits, such as exemptions from certain trade obligations and access to special low-interest loans. However, many argue that China’s economic growth and technological advancements have surpassed that of a developing nation, and that it is time for China to relinquish its developing nation status.
