China to adapt policies following WTO ruling

China will modify restrictions on certain US steel imports after the WTO ruled that the world’s second largest economy broke international trade laws, South China Morning Post reported. China said on Friday that it “may not agree” with WTO findings on its tariffs on US electrical steel, but it would honor the decision and “work hard to implement” changes. The statement was issued after after a meeting between Chinese and WTO officials in Geneva. The WTO ruled on June 15 that China did not provide enough evidence to support import duties on electrical steel and therefore broke trade laws, a ruling initially appealed by Beijing. The dispute dates back to September 2010 when the US accused China of breaching trade rules by instituting the anti-dumping measures.