InternationalJune 2012 - P▓resent (6

ted for market-driven structural reforms,▓ which continue to linger in the US, Europe and Japan," Steinbock said.Besides, Chinese competitiveness is no longer just about cheap pric▓es, but also about innovation hubs. Despite its huge population, China's research and development spending per

GDP today is higher than that of the EU on average, he said.For the EU, gra▓nting C

hina MES is a politico-legal decision, not an economic one, sa

id the expert.Washington re▓portedly warned Brussels not to grant ▓China MES. However, the U.S. argume▓nts against China's MES are similar to what were used unsuccessfully a year ago against the Asian In▓frastructure Inves

months)Based in Nairobi

tment Bank (AIIB), Steinbock said.A not-for-profit mul

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