[Peace-discuss] China's economic achievement

[E. Wayne Johnson]

I agree Laurie.  You have the general picture well in hand.

But 1) will happen gradually no matter what.

2) is in progress on a quite slow scale.

3) is less likely actually.

4) is something China certainly does not want.




On 8/27/2010 12:26 AM, Laurie Solomon wrote:
> >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 <mailto:ewj at pigs.ag>
> *Sent:* Thursday, August 26, 2010 10:44 AM
> *To:* C. G. Estabrook <mailto:galliher at illinois.edu>
> *Cc:* Peace-discuss List <mailto:peace-discuss at lists.chambana.net>
> *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/
>>
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>>
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