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To be honest, last time China accepted major trade deals from the West to fully open their market, they got their cities flooded by opium and got land ruled by
by mtw 7y ago
To be honest, last time China accepted major trade deals from the West to fully open their market, they got their cities flooded by opium and got land ruled by foreign law, and then got their government toppled. The lessons learned from that was that if you are not careful, western countries will come and dominate you. Look around, the same happened in India and many other countries with often exctintion of natives
Fast forward to 2018, China and USA already agreed to WTO rules with China considered as a developing countries and thus granted special rights such as protection of its industries. Then USA unilaterally breaks WTO rules with tariffs with an arbitrary interpretation of "national security" and wants a signature of a one way deal where USA gets all the rights and controls but doesn't give anything. I'm sorry but history teaches you that kind of deals will get your citizens subjugated by foreign powers or foreign corporations.
- aNoob7000 7y agoDefinition of "developing country" from WTO. https://www.wto.org/english/tratop_e/devel_e/d1who_e.htm https://www.wto.org/english/tratop_e/devel_e/d1who_e.htm China is no longer a developing country. The can say they are developing but that is no longer true.
- majia 7y ago> China is no longer a developing country. Any justification? China's GDP per capita is lower than Mexico's.
- jazzyjackson 7y ago?? So your link says anyone can present themselves as developing. what alternative definition contradicts this? China surely has some very shiny metropoli, but there is a few decades worth of modernization to be done still as you go inland.