China’s Ministry of Commerce said it is opening dispute-resolution procedures against the two trading partners under World Trade Organization (WTO) rules. As a condition of joining the WTO, China agreed in 2001 that WTO members could treat it as a “non-market economy” until the agreement on membership expires. Source: RT
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Italy’s plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Source Reuters
Catalonia’s regional parliament, which is dominated by parties that want the region to break away from Spain, approved Wednesday a 2017 budget that includes funding for an independence referendum. Source The Local
Catalonia’s separatist government on Sunday again urged Spain’s central government to let it hold a legal referendum on independence like the one Scotland staged in 2014 with London’s approval. Source the Local