[Peace-discuss] China's economic achievement

[Laurie Solomon]

>Regarding China paying attention to the rules laid down by the State Department, the only real threat the US poses to China is that China's exports to the US might be taxed heavily or restricted, which is >actually quite possible.

A possibility but I do not think it is highly probable since to do so would (1) increase prices to US consumers for many of the products that they now buy and for which US retailers are dependent on China for, (2) cause China to cash in their surplus of US currency in retribution causing the US dollar to fall in value, (3) result in China closing its doors to US companies doing business in China on both the consumer level (e.g., McDonalds and the like) and on the industrial and wholesale levels, and (4) produce even less cooperation on the international level with the US.  The US has more to lose than China if it should impose said import taxes or restrictions; it might also face world wide sanctions imposed on it by the WTO should China bring a complaint of violation of free trade agreements under the WTO.


From: E. Wayne Johnson 
Sent: Thursday, August 26, 2010 10:44 AM
To: C. G. Estabrook 
Cc: Peace-discuss List 
Subject: Re: [Peace-discuss] China's economic achievement


I agree about the shortsightedness of China re the environment and many other issues re sustainability.

And indeed they have imported a great deal of technology, but there is some understanding of the technology.

My 3.5 year old computer monitor (an Acer flat panel) lost its back light the night before last at 2 am while dr. Qiao was using it.  I took it across the street yesterday at just before 1 in the afternoon to the little computer shop.  The guy brought it back to me repaired just before 3 pm.  This is in Qixian, a relative backwater town.  It cost $16 to have it fixed.

Regarding China paying attention to the rules laid down by the State Department, the only real threat the US poses to China is that China's exports to the US might be taxed heavily or restricted, which is actually quite possible.  Military power isnt any threat whatsoever to China.  They wont back down.  Crimping China's oil supply seems to be a clear goal of the US but the effect is not at all clear.


On 8/26/2010 5:28 AM, C. G. Estabrook wrote: 
  China's economic achievement has little to do with globalization. It is related to trade and export. China has gradually become an export-oriented country. No one, myself included, is opposed to exports. But this is not globalization. In fact, China has become a factory in the Northeast Asian production system. If you look at the whole region, you will find it very dynamic. China's export volume is enormous. But there is something we have overlooked. China's export relies heavily on the exports of Japan, Korea and the US. These countries provide China with high-tech components and technologies. China is just doing the assembly, and labelling the final products as 'Made in China.'

  China has developed rapidly by following wise policies. But while millions of people were lifted out of poverty, costs such as environmental degradation are high. They are merely transferred to the next generation. Economists will not worry about them, but these are costs that someone needs to pay for ultimately. It may be your children or grandchildren. These have nothing to do with globalization and the WTO.


  http://chinadigitaltimes.net/2010/08/noam-chomsky-in-china/


------------------------------------------------------------------------------
_______________________________________________
Peace-discuss mailing list
Peace-discuss at lists.chambana.net
http://lists.chambana.net/mailman/listinfo/peace-discuss
  



--------------------------------------------------------------------------------


_______________________________________________
Peace-discuss mailing list
Peace-discuss at lists.chambana.net
http://lists.chambana.net/mailman/listinfo/peace-discuss
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.chambana.net/pipermail/peace-discuss/attachments/20100826/63ca5ab8/attachment.html>