Law360, New York (October 02, 2009) -- China is by far the largest and most important U.S. trading partner to be designated a nonmarket economy by the U.S. Department of Commerce, but despite pleas from Chinese officials that the U.S. reconsider that designation, lawyers say China is likely to remain a nonmarket economy in American eyes for quite some time.
Under the terms of its accession to the World Trade Organization, all countries will have to treat China as a market economy in 2016. In the U.S., changing China's designation...
