US removes China from list of developing countries

China claims its trade and economic ties with partners of both developed economies and developing countries has proved that multilateral negotiation mechanism is effective, and it has boosted the world's economic growth. - Bloomberg

BEIJING (China Daily/ANN): China, together with some other countries, has been removed from the United States' list of 'developing' nations and considered as a 'developed' country when it comes to international trade, according to a recent notice issued by the Office of the US Trade Representative (USTR).

The US also revoked its special preferences for a list of World Trade Organization members, including Brazil, India, Indonesia and South Africa.