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To: RealMuLan who wrote (8188)5/12/1999 11:47:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 17770
 
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



To: RealMuLan who wrote (8188)5/13/1999 6:54:00 PM
From: D. Long  Respond to of 17770
 
First of all, the US can hardly be singled out for blame in "blocking" China from the WTO and Olympics. The WTO is organized as a "one country, one vote" organization where the US is on equal footing with everyone else. The US could no more block China's entry than could Australia. Similiarly with the Olympics.

However, if you want to point to the US as consternating Chinese attempts at normalization with the world, and entry as a big player, then you must ask why the US has been so adamant. China has continued to flagrantly violate basic human rights, has continued economic protectionism and isolationism, blocking equal trade, has continued to be one of the worlds largest agents of proliferation of weapons of mass destruction, and has itself taken every opportunity to stick it to the US. This despite continued US leniency, how many years now has China been kept on the favored nations list of trading partners? You scratch my back, I'll scratch yours.