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December marks the 15th anniversary of China joining the World Trade Organization. According to documents signed after joining the WTO, China will be granted market economy status this year. But the idea has sparked debate in both the US and the European Union. So why does market economy status matter and how does it affect China and its trading partners? CCTV’s Yang Chengxi explains. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing