China unlikely to get market economy status

When Chinese President Hu Jintao lands in India on Monday there would be one item on his wishlist that is unlikely to be granted by China's neighbour.

The Chinese president is likely to press for market economy status from India at the highest level as at the official level this demand has been examined and rejected.

"At the recent meeting of the Joint Working Group of officials on both sides, the demand from China was examined again and rejected," official sources said.

The demand was rejected as the Indian side was unwilling to take the costs of production quoted by Chinese exporters on face value during anti-dumping investigations.