China regrets WTO ruling on wheat and rice dispute with US - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The world's top two economies try to hammer out an agreement to settle a long-running trade row that has rattled global markets.

The decision comes as the world’s top two economies try to hammer out an agreement to settle a long-running in 2016 alleged that China doled out $100 billion in “market price support” for wheat and rice as well as corn production, above levels agreed to at the Geneva-based WTO. China is the world’s largest producer of wheat and rice, holding significant sway over world markets.

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