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My proposal is the initial proposal the western countries had for China. Let them into WTO and give the all the opportunities western countries have. And China
by gressquel 9y ago
My proposal is the initial proposal the western countries had for China. Let them into WTO and give the all the opportunities western countries have. And China certainly made good use of it. But the proposal also expected China to adapt to democracy and values like free trade. But instead they have become corrupt with power and gone the wrong direction, even electing a "dictator". Now its time to take away the giveaways:
- If China is going to practically make life hard for western companies to operate in China, then same will happen to Chinese companies. Huawei is already experiencing this.
- If you are going to steal intelectual property and mass-produce items then this will have implication on trade.
- WTO sanctions needs to be implemented until China starts to respect the rules that every other country follows.
- krapp 9y ago>WTO sanctions needs to be implemented until China starts to respect the rules that every other country follows Devil's advocate: those rules exist to protect the interests of Western countries, not China, and China is a nascent superpower with nuclear weapons, so why should China respect them?
- lettergram 9y agoThose rules can be applied to other countries as well as China. It's not just to protect Western countries - it's just those Western countries are being the most impacted. Also China doesn't want civil unrest.. if we imposed harsh sanctions I can guarantee itll crollapse their economy, then their country. We just need to "tap the breaks" so to speak.
- gressquel 9y agoChina as a superpower will cease to exist if its economy crashes. Its economy is very dependent on EU and US. So yes, they will have to respect the rules.
- throwbacktictac 9y agoI live in the Philippines and it seems like most products are Chinese made. Is China getting more benefit out of the US/China relationship than the US?
- seanmcdirmid 9y agoChina could easily recover from an economic crash, which are regular events anyways. I think you meant economic collapse?
- nopinsight 9y agoYou overestimated the extent that the Chinese economy is dependent on the US and EU. Exports in total, including to other nations, are less than 20% of their GDP. The US and EU combined account for less than 40% of their exports (ie. <10% of GDP). They can manufacture almost anything they need. Oil is a major exception. They are addressing vulnerability to oil imports with big pushes for electric cars and nuclear energy, as well as alliances with major oil exporting nations. They also have channels to import other raw materials, particularly from Africa with which they have strong economic ties and can in return provide the African nations with manufactured goods and expertise for infrastructure building. On the other hand, a sudden, near complete sanction on Chinese imports would result in widespread shortage of many manufactured goods in the US and EU. Both sides will survive but it is unclear who would get hurt more. https://atlas.media.mit.edu/en/profile/country/chn/#Destinations https://atlas.media.mit.edu/en/profile/country/chn/#Destinat... https://atlas.media.mit.edu/en/profile/country/chn/ https://atlas.media.mit.edu/en/profile/country/chn/