China better in market economy: EU

China has made "considerable progress" on the road to winning the coveted market economy status, the European Commission has concluded in an internal report obtained by AFP on Thursday.
"China now has in place almost all the legislation which is necessary for granting of market economy status. That is a considerable achievement," the report said.
Acknowledging China's "considerable progress" towards fulfilling the criteria necessary for winning the status, the commission said that it "remains strongly committed to working with China to achieve that.”