Thursday, September 30, 2010
Sunday, September 26, 2010
Friday, September 24, 2010
Wednesday, September 22, 2010
Tuesday, September 21, 2010
Sunday, September 19, 2010
US trade deficits with about 90 countries
If the US had a deficit only with China, it could have blamed the yuan's value. But it has trade deficits with about 90 countries, which proves the problem is its own making.
The US has for long been the leader in core areas such as hi-tech and financial services, making huge profits from overseas markets. It, however, has failed to become a low-end production base and thus has to rely on imports of products, even necessities, from countries such as China to meet its domestic demand.
The US has for long been the leader in core areas such as hi-tech and financial services, making huge profits from overseas markets. It, however, has failed to become a low-end production base and thus has to rely on imports of products, even necessities, from countries such as China to meet its domestic demand.
Tuesday, September 14, 2010
Sunday, September 12, 2010
Friday, September 10, 2010
Tuesday, September 7, 2010
Thursday, September 2, 2010
why China joined the WTO
Ye Xiaowen (Ye), vice president of Central Institute of Socialism and former director of State Administration of Religious Affairs
I've consulted one of my former schoolmates, Long Yongtu, the chief negotiator of China's accession into the World Trade Organization. I wondered why he was so occupied by his work, and asked why China must join the WTO.
He gave me an example: If a farmer comes to the market with a load of farm produce, he goes home when he sells his vegetables. When his business becomes something bigger, he may have a vegetable stall, or a small shop, or even chain stores and supermarkets, and he must get to know and abide by the market rules, in order to fight for and protect his own rights. So he is bound to join the trade organization, observe its rules, and take part in the rule-making.
Today, the farmer has become the CEO of the world's largest supermarket, China's foreign trade exports are the first in the world, and we have joined the WTO, and opened to the world.
I've consulted one of my former schoolmates, Long Yongtu, the chief negotiator of China's accession into the World Trade Organization. I wondered why he was so occupied by his work, and asked why China must join the WTO.
He gave me an example: If a farmer comes to the market with a load of farm produce, he goes home when he sells his vegetables. When his business becomes something bigger, he may have a vegetable stall, or a small shop, or even chain stores and supermarkets, and he must get to know and abide by the market rules, in order to fight for and protect his own rights. So he is bound to join the trade organization, observe its rules, and take part in the rule-making.
Today, the farmer has become the CEO of the world's largest supermarket, China's foreign trade exports are the first in the world, and we have joined the WTO, and opened to the world.
What China Should Do
China should further host more international events in its 2nd- and 3rd-tier cities, or even in the countryside, so that millions of foreign business people or officials can have a chance to look deeper into the country.
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