The House passed the PRC Is Not a Developing Country Act on Monday to strip China's designation as a "developing country" in international organizations like the WTO.
US-led institutions granted China “developing country” status in the late 1990s and early 2000s, allowing the country to take advantage of certain perks, such as the right to apply higher tariffs, reduced responsibilities on climate change, and lower interest loans. In recent years, Beijing has voluntarily agreed to give up many of these benefits.