{"id":1906029,"date":"2023-03-28T13:11:34","date_gmt":"2023-03-28T17:11:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-unanimously-passes-bill-to-revoke-chinas-special-treatment-as-a-developing-country\/"},"modified":"2023-03-28T13:18:02","modified_gmt":"2023-03-28T17:18:02","slug":"house-unanimously-passes-bill-to-revoke-chinas-special-treatment-as-a-developing-country","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-unanimously-passes-bill-to-revoke-chinas-special-treatment-as-a-developing-country\/","title":{"rendered":"House Unanimously Passes Bill To Revoke China\u2019s Special Treatment As A \u2018Developing Country\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhouse-unanimously-passes-bill-to-revoke-chinas-special-treatment-as-a-developing-country%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1906029&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>The US House has passed a bill unanimously, aimed at ending the US policy of treating China as a \u201cdeveloping country\u201d as per treaties and international organizations. China is one of the several emerging markets that receives special treatment in loan application processes from international entities like the World Trade Organization. The PRC is Not a Developing Country Act requires the United States to strive, through international organizations, to designate China as either high income, upper middle, or developed. The bill won the affirmative votes of 415 lawmakers.<\/p>\n<p>The purpose of this bill is to ensure that China does not receive unfair treatment or undue leverage over developing nations through influence in international treaties and organizations. China\u2019s GDP per capita, which stands at $12,556, is closer to the figures for Costa Rica and Russia ($12,934 and $11,368) as compared to the US with a GDP per capita of $70,249. <\/p>\n<p>While there is no official definition of \u201cdeveloping country\u201d or \u201cdeveloped country\u201d by the World Trade Organization, some accords mandate that developing countries are given longer transition periods before implementing an agreement in full. The author of the bill, Young Kim (R-CA), proposed it to put an end to China\u2019s exploitation of its developing country status in applying for loans and development assistance from international organizations. Kim claims China\u2019s debt-trap diplomacy and Belt and Road Initiative, through which it finances trillions in infrastructure projects in developing states, only serves as a cover-up.<\/p>\n<p>Mitt Romney (R-UT) has also proposed the Ending China\u2019s Developing Nation Status Act, which seeks to prevent China from obtaining developing nation status within international organizations and future treaties. The current push to end China\u2019s developing nation status comes amid worsening relations between the US and China. Lawmakers are trying to ban TikTok, a Chinese-owned social media platform, over concerns about data privacy and national security. At the recent House Energy and Commerce Committee hearing, TikTok CEO Shou Zi Chew defended TikTok\u2019s and ByteDance\u2019s independence from the Chinese regime. China-US tensions were further exacerbated last month with the appearance of a Chinese surveillance balloon that flew over several American states, including Montana, a state with several missile silos, before being shot down by US military officials off the coast of the Carolinas. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Members of the House unanimously passed legislation on Monday meant to revoke the United States treating China as a \u201cdeveloping country\u201d 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<\/p>\n","protected":false},"author":99,"featured_media":1906030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[5909,6412,6707,3653,5448,18450,7262,6967,9127],"class_list":["post-1906029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-chinas","tag-country","tag-developing","tag-house","tag-passes","tag-revoke","tag-special","tag-treatment","tag-unanimously"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1906029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1906029"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1906029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1906030"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1906029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1906029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1906029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}