Have our lawmakers and corporatists informed US citizens how because of economic and financial subsidies, the American people have been fleeced by their own leaders, and left with the bill? Sure, it's called limited full disclosure and transparency.
Market forces with Chinese characteristics
Updated: December 4, 2011
Solar panels are displayed at a trade exhibition in Beijing, Oct. 20. SolarWorld Industries America Inc. announced on Oct. 19 it was filing a formal complaint with Washington against Beijing’s illegal dumping into the American market. (Mark Ralston/AFP/Getty Images)
Yet, many of China’s foreign trading partners have been and still are living a pipe dream, hoping to break into the vast Chinese market and earn big profits.
“For years countries like the United States have completely ignored this problem [the Chinese regime controlling all trade], and they have been taken to the cleaners by Beijing for it,” according to an article on the Economy in Crisis website, a non-profit educational resource publishing daily articles regarding the U.S. economy.
It doesn’t matter that foreign enterprises were burned by the Chinese regime’s demands for relocating operations to China, hiring Chinese workers, and requiring them to hand over intellectual property and the foreign firm’s propriety information by dangling various benefits before their eyes. None realized that the goodies were handed out to lure foreign companies to China with the intent of developing and building up Chinese competition to the firms.
“China will hand tax incentives and kickbacks to foreign companies, but it will then do everything in its power to ‘acquire’ their technology and replace them with domestic champions,” according to the Economy in Crisis article.
Coming to mind are two of the Chinese state’s industries that benefited the most from foreign companies’ technology: the renewable energy sources industry, mainly the solar power sector, and the transportation industry, mainly high speed trains.
“More than a decade ago China offered contracts to foreign makers of high speed trains and solar power collectors. It then went to work copying (often stealing) their technology before eventually cutting off their pipeline of incentives and creating a new domestic ‘competitor’ to reap the benefits,” the Economy in Crisis article stated.
Confronting the Chinese Regime
“Experienced businesses and other stakeholders are speaking out about Chinese policies that harm prospects for sales of U.S. goods and services, limit and undermine our investments, and ultimately threaten job-creation in the United States,” Ambassador Demetrios J. Marantis said during an Oct. 25 hearing before the House Committee on Ways and Means.Marantis, who serves as Deputy United States Trade Representative, pointed to the Chinese state’s policies that toughen up state control over all of China’s economic facets, a 180 degree turnaround from the agreements made and signed after it joined the World Trade Organization (WTO) in 2001... finish reading at source
