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> all the others are Co Partnership before they could enter Foreign companies got to exploit cheap Chinese labor and got access to a large consumer market, but
by DiogenesKynikos 7y ago
> all the others are Co Partnership before they could enter
Foreign companies got to exploit cheap Chinese labor and got access to a large consumer market, but they had to work with a local partner. American firms still benefited hugely from access to Chinese labor and consumers.
By the way, these local partnership restrictions are now gone from most economic sectors in China. They're a reasonable tool for a developing country that doesn't want the relationship with foreign capital to be purely exploitative.
It's hard to get the impression that China is the one exploiting the US when you walk around a Chinese city and see the extraordinary amount of business US firms are doing in China. Chinese companies don't have anything approaching that level of presence in the US.
> I wonder how that was calculated. Try importing anything into China and see if it is anywhere near a single digit.
By total value imported, I think. China taxes 3.4% of the total value of imported into the country.
> I doubt you can move much money out of china without getting lots of trouble.
There are capital flow restrictions. Are those unreasonable or unwise?