20111213 Follow Me 217 China's WTO ride could get bumpier

Everything is ok when the economic situation is normal. But under the background of crisis and economic downturn, many problems are exposed.  I think those who stress unfair trade of China should also recognize the enormous profits made by overseas-funded enterprises over the past ten years.

    In this article, what Scott Kennedy said really makes sense. He pointed out that now the priority of China's leaders is not liberalizing the market but boosting competitiveness by moving up the industrial value chain. Our state-owned enterprises can’t depend on subsidies to survive. Currently we are at the bottom of industrial value chain, that is, we have polluted our environment and exploit employees but gain the minimum value of the whole product. Just take manufacturing for example, we are only producing by rote what others give us the sample. No innovation and little added-value. So from now on , we’d better change this mode, and upgrade the industrial chain gradually, making “created in China” prominent in the world.

You don't like the way we regulate and control our banks. You don't like the way we regulate land. You don't like the support we give to our state-owned enterprises. So what?!

I think it a good way to promote the country that the fittest survived.

I think it a good way to promote the country that the fittest survived.

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支持下中国！不管怎么说，中国选择了一条正确的路：通过转移到价值产业链的上游去提高竞争力。

Lim, the University of Hong Kong law professor, said it is much like the debate before 2001, when they were deciding whether to allow a country that is not a free-market economy into the WTO.




"The counter argument to that was, how can you call it a world trade organization if China is not in it? So do we need to change China's rules, or do we need to change global rules to accommodate China?" he said.

this is the core.