• Members of the House unanimously passed legislation on Monday meant to revoke the United States treating China as a “developing country” in treaties and international organizations.
• Nations designated as developing countries, sometimes called emerging markets, can often receive special treatment in loan application processes from international entities such as the World Trade Organization.
• The PRC is Not a Developing Country Act, which passed with the affirmative votes of 415 lawmakers, would require the United States to influence international organizations to designate China as upper middle income, high income, or developed.

Tagged: China