US President Donald Trump has frequently accused China of undermining the US economy [Reuters]
Dani Rodrik, SCMP: Why should China change its successful trade policies just to please the US, given America’s own history of violations?
Dani Rodrik says when crafting a global trading environment, it’s important to realise that all nations have different political and social settings, and so will not play by the same ‘rules’.
A high-profile United States trade delegation appears to have returned empty-handed from its mission in China. The result is hardly a surprise, given the scale and one-sided nature of the US demands. The Americans pushed for a wholesale remaking of China’s industrial policies and intellectual property rules, while asking Beijing to refrain from any action against US President Donald Trump’s proposed unilateral tariffs against Chinese exports.
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WNU Editor: I concur with the above author's point .... why should China change its successful trade policies just to please the US .... especially since those trade policies have made China the manufacturing powerhouse that it is today. Bottom line .... China is not going to change. As to when will they change? They will only respond when the same rules that they apply to others start to be applied to them.
I completely disagree. Of course China will not want to change its rules, but China is more depending of the West than America. ZTE is a good example. And they will be more to come. China is just a sub contractor of western industry. The "marvels" of China, depicted as that, are always copy of Russian, US or European technology.
ReplyDeleteWe have to confront this dictatorship before they dictate us what we have to think, to say and to do.
Cause in trump's mind...we had some of the best chocolate cake
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