China's retreat from trade spat with EU could help Indian industry

While China's dispute was with EU, its decision to not pursue it will help US and India. Besides, this could help Indian exporters target replacing Chinese goods in EU and US

While China was carrying on with its military action along India’s border, it quietly withdrew from a different battle on the trade front. It has not renewed its fight with the European Union on being recognised as a market economy. 

This, at a time when it had lost its position to the United States of being India’s biggest trade partner in 2018-19.

China had been fighting a case in the World Trade Organisation (WTO) for seeking market economy status that would have legally insulated it from higher tariffs being imposed by other countries. On June 15, China allowed its petition