Nipate
Forum => Kenya Discussion => Topic started by: RVtitem on December 06, 2017, 01:01:39 PM
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China “unequivocally rejects protectionism” and will seek to safeguard the global trading system, a top Communist Party official told visiting executives at an economic development forum.
“History shows that no one will benefit from a protectionist approach :lolz:,” Vice Premier Wang Yang told the Fortune Global Forum in the southern Chinese city of Guangzhou on Wednesday. Wang -- making his first big public speech since his promotion to the ruling party’s No. 4 position in October -- was addressing a gathering attended by Apple Inc.’s Tim Cook, Alibaba Group Holding Ltd.’s Jack Ma and Tencent Holdings Ltd.’s Pony Ma
https://www.bloomberg.com/news/articles/2017-12-06/china-mounts-fresh-defense-of-globalization-at-economic-forum?
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After almost 15 years in the World Trade Organization (WTO), China has still failed to follow through on many of the trade-liberalizing commitments it made in order to convince free trade-oriented nations to approve its membership in 2001. These broken promises have harmed the global trading system as well as both economic growth and the health of innovative industries across the United States and Europe. Here are nine commitments China made, but never lived up to:
Refraining from requiring technology transfer as a condition of market access
Although its WTO accession agreement included rules forbidding China from tying foreign direct investment or market access to technology-transfer requirements, it remains commonplace for China to compel firms to hand over their technology in exchange for the privilege of investing, operating, or selling in China.
Significantly reducing intellectual property (IP) theft and violations
Joining the WTO required China to recognize the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which provides protections for patents, copyrights, trademarks, service marks, industrial designs, digital content, and other intangible property. Unfortunately, Chinese IP theft grows unabated. The IP Commission Report on the Theft of U.S. Intellectual Property found that China accounted for nearly 80 percent of all IP thefts from U.S.-headquartered organizations in 2013, amounting to an estimated $300 billion in lost business annually.
Substantially reducing production and/or export subsidies
Despite the fact that the Chinese government committed to eliminating or substantially reducing production and export subsidies (and particularly those for loss-making state enterprises) as a condition of its WTO accession deal, since 2000 it has issued over $118 billion in subsidies to just four industries ?steel, glass and glass products, paper, and auto parts. And, if that’s for just four industries, then it’s just scratching the surface of the real extent of continuing industrial subsidization.
Liberalizing foreign film distribution
When China joined the WTO, it committed to allowing “20 films to be imported on a revenue-sharing basis in each of the three years after accession” and to permitting U.S. firms to “form joint ventures to distribute videos, software entertainment, and sound recordings and to own and operate cinemas.” However, as the U.S. Trade Representative (USTR) reports, “China has not yet fully implemented its … commitment to open up film distribution opportunities for imported films that are distributed in China on a flat-fee basis rather than a revenue-sharing basis.”
Joining the Government Procurement Agreement
In joining the WTO, China agreed to move quickly join the Government Procurement Agreement, which prohibits restrictions on government purchases between member countries. China has yet to make a credible offer for coverage under this agreement.
Requiring state-owned enterprises to make purchases based on commercial considerations
China agreed that it would “ensure that state-owned and state-invested enterprises will make purchases and sales based solely on commercial considerations.” In other words, they are supposed to buy the best tools the world has to offer for their needs; they aren’t supposed to have preferences for or against any particular vendor or nationality. Yet these commitments fly in the face of explicit Chinese efforts to keep Chinese government agencies and state-owned enterprises from buying U.S. enterprise-developed or -manufactured information and communications technology products.
Giving foreign banks national treatment
While China committed to giving foreign banks the benefits of “national treatment” within five years of WTO accession (i.e., treating foreign competitors no less favorably than domestic enterprises), USTR reports, “China still does not seem to have fully implemented particular commitments, such as with regard to Chinese-foreign joint banks and bank branches.”
Opening the telecommunications market to foreign producers
China made a number of commitments in the telecommunications sector, including liberalizing foreign investment, agreeing to implement “pro-competitive regulatory principles,” and agreeing “to allow foreign suppliers to use any technology they choose to provide telecommunications services.” As USTR notes, however, “China’s restrictions on basic telecommunications services, such as informal bans on new entry, a requirement that foreign suppliers can only enter into joint ventures with state-owned enterprises, and exceedingly high capital requirements, have blocked foreign suppliers from accessing China’s basic [telecommunications] services market.”
Abiding by the Technical Barriers to Trade Agreement and not manipulating technology standards
In joining the WTO, China agreed to abide by the Agreement on Technical Barriers to Trade, which prevents WTO members from using certifications and standards as a barrier to trade. But China has made the development of indigenous technology standards, particularly for information and communications technology products, a core component of its industrial development and economic growth strategy, as ITIF reports in “The Middle Kingdom Galapagos Island Syndrome: The Cul-De-Sac of Chinese Technology Standards.”
https://www.innovationfiles.org/top-9-false-promises-that-china-made-in-joining-the-world-trade-organization/
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Chinaman is truly global. I was just at Disrupt Berlin and the number of Chinese was noticeable. I don't see this strictly as propaganda but reality.
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Chinaman is truly global. I was just at Disrupt Berlin and the number of Chinese was noticeable. I don't see this strictly as propaganda but reality.
Someone has to take USA's space. China seems to be the clear winner. With Trump's "MAGA", USA is looking inwards - at least for the next 4yrs.
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The USA - like Great Britain before - will never catch up again for a century. There will be remnants of their power like Oxford and other British relics. The world will remember Wall Street, Hollywood and Detroit with some nostalgia but noone will be bothered.
Chinaman is truly global. I was just at Disrupt Berlin and the number of Chinese was noticeable. I don't see this strictly as propaganda but reality.
Someone has to take USA's space. China seems to be the clear winner. With Trump's "MAGA", USA is looking inwards - at least for the next 4yrs.