Report by the EU Chamber of Commerce in China claims that its harder to do business in China now:
China closes doors to European businesses - Telegraph
Report by the EU Chamber of Commerce in China claims that its harder to do business in China now:
China closes doors to European businesses - Telegraph
This is China's Daily's spin on the story:
Euro firms' China woes highlighted
Why should any of this be surprising to anyone? How is it even newsworthy?
It's not a free-market economy in the truest sense, nor is it a democracy.
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Does anyone think the United States plays fair in trade? If so, check out the Canadian - US Softwood Agreement where the US collected (pilfered) US$5 billion in tariffs from 2001 to 2006 only to keep $1 billion half of which they gave to private US lumber interests and the other gave to Katrina. This put companies and communities in BC in dire straits but that is how they play. The signed the agreement and immediately are in full dispute mode again.
It is their way or the highway despite Canada being their largest trading partner. Americans are very protectionist and have set their own rules for local buying of steel for one thing with the stimulus monies despite the free trade agreement with Canada. They are the elephant so what they want they get. It is any surprise that China takes the lead from the USA in its trade relations? Not to me.
That makes them hypocritical because they like to promote free-trade.
Also, China being protectionist is not a surprise yes, but not because the USA are also doing it, rather because China is NOT a free country... so enough already?
I do not agree with them and am all for opening up, but I do not see anybody at any level of Government promoting freedom of any kind.
Moving right along...
Last edited by Dreadnought; 17-09-2009 at 12:46 AM.
A free economy carved up by cartels and duopolies, where big business is in bed with government, and six families control everything? Good joke!
I think the freest economy is probably the UK, as in it's completely open. Anyone can walk in and buy companies, there is zero protectionism.
Hong Kong is very much a free economy compared with other countries, especially when it comes to loose business regulations and low taxes. When the HK government is involved in the economy here, it is in the interests of big business mainly.
Do you think a economy would little to no government intervention would be much different? It would also be carved up by the cartels and would hardly be a "free market". That's what happens with a hands off approach.
Despite that, there are still plenty of opportunities for savvy small to medium sized businesses. Anyone can form a corporation here with ease, and you can easily run a global business with the Internet. You absolutely do not need to compete with the cartels if you know a thing or two about Internet marketing and the new economy. These cartels are all stuck in the old economy.
Also since you think the UK is so great, why don't you pack your bags and move there?
Last edited by ohchk2001; 27-10-2009 at 09:13 PM.
You guys all make very good points...I'm gonna go nap now.