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re: the post you responded to: I think that they meant that the Chinese government wants a level playing field and good competition between local Chinese compan
by mark_l_watson 5y ago
re: the post you responded to: I think that they meant that the Chinese government wants a level playing field and good competition between local Chinese companies. No country would ever want a level playing field that includes foreign companies.
Grandfather poster: is my interpretation correct?
- jollybean 5y ago'Free Trade' is the attempt, more or less, to provide 'level playing field' for companies, even of other nations. It's why the WTO exists, it's why USMC exists etc.. Most of China's actions described above are fairly perfectly against the spirit of those deals, and probably the letter of the deals as well, and they should have never been allowed in. Capitol controls, direct control of the banking sector, arbitrary regulations that affect valuations fundamentally such as refusing to allow listing on US exchanges 'out of the blue', similarly. It's not really an open economy, and Western economies shouldn't be entirely open to it either. The best 'trade policy' we could put in effect would be to put in place all the same barriers that they have.