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The U.S. government considers China a non-market economy for purposes of how it applies the antidumping law.
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But declaring China a market economy for the purposes of subsidies, and a non-market economy for the purposes of anti-dumping, is against WTO rules.
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Then, Commerce prescribes a proper amount of profit that firms selling the subject product in the non-market economy should be earning, if they were operating in a market economy, again by reference to the profit experience of chosen firms in a similar industry in the other country.
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China may very well have bubbles in many sectors, but bubbles can last for a very long period, especially when you have an authoritarian government, a non-market economy, and a ruling party that took as one of its lessons after the collapse of the Soviet Union the need to deliver fast economic growth at all costs.
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For example, that we must move to a non-market, localised and non-capitalist economy in order to beat the problem.
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But in a market economy some form of non-job welfare or state provision of services is simply necessary.
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What's more, these officials would add, that desire to protect the single market and the principle of non-discrimination related to all of the economy - not just financial services.
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Should a Green Economy approach include the creation of financial sustainability mechanisms, economic valuation (both market and non-market values) of key coastal habitats, and incentives to promote change to more sustainable uses such as ecotourism and small-scale fisheries?
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