like the US blocking of China for the entry to WTO
Well funny that... The Chinese have the 2nd largest trade surplus with the US ($4.7 BILLION in February alone) China's financial system is not transparent (but getting better), their currency is not exchangable, and for the most part, only way business is conducted in China is through Joint-Ventures with Bejing determining how much currency can be repatriated.
In exchange, we have western business leaders facing no copyright or intellectual property rights protection or enforcement, massive pirating of software (98% of PCs in China run pirated versions of Windows), and the threat of having their investments nationaized at the drop of a hat because their is no rule of law that supersedes the power of the political leadership (rule by decree).
If Bejing wants WTO status, they have to open up their society and provide a basis for protection of property and resolution of legal grievances. China can not have their cake and eat it too. WTO status is for nations dedicated to free trade and democracy. I sincerely hope that China understands this because I would love to see China enter the global trade community.
A free China has NOTHING to fear from the west. We WANT TO DO BUSINESS. We want to provide goods to your huge market. But the political risk is still far too great.
The only way for China and the West to remove the distrust is to engage in free trade to the extent that neither side could effectively generate enough support to attack the other. That's how free trade works. If people are making money on both sides, they have too much to lose by going to war.
Have a good evening... and thanks for the exchange of ideas.
Regards,
Ron |
