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China vs. The WTO

Submitted by Edward Reynolds, Apr 19, 2007 05:26

It is well known that by a wide margin most of China's exports are exported by multi-national companies. China simply has become the world's largest contract employment agency, whereby the multi-nationals need not pay for benefits. China has not complained about the US exporting billions of dollars worth of airplanes, whose technology was partially subsidized by the U.S. government. So we should be careful about that which we complain. In the future, as China begins to build its own aircraft, we had better be ready for WTO complaints. And this is just one example of many that could be cited. When we export grains, etc to China, our farm price supports in no small way influence the price. Not only does this affect China's farmers, who are moving by the millions into the large cities, but also it affects many countries in Africa where agriculture is often the key industry. No wonder that the current round of economic negotiations have been a failure.


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Other reader comments on this article

Comment By Date

Everything is relative. Let those who has not sinned cast the first stone. China has NEVER been found by the... [MORE]

Tongluren 

May 17, 2007 01:03

What people fail to realize is that China avoids the real problem at any cost, which is currency manipulation. A... [MORE]

SteveR 

Apr 19, 2007 19:40

It is well known that by a wide margin most of China's exports are exported by multi-national companies. China simply...

Edward Reynolds 

Apr 19, 2007 05:26

China economic and political systems are designed to do one thing: perpetuate the control of the Chinese Communist Party. Profits,... [MORE]

John B. 

Apr 18, 2007 12:05

I've lived in China for two years. When I whine about the shameless theft I see around me -- the... [MORE]

Colonel Hogan 

May 8, 2008 05:02

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