Staredit Network

So, what do people think of China's trading practices? Basically all exports and no imports.

I think it is unfair because they dump a whole lot of goods here and wipe out the competition with cheap labor. Also, they steal patents and do not respect the international patent law. Many products of Chinese origin are just rip-offs of legit patented material.

They also lie sometimes about the origin of their products and mimic brand name American companies to fool the consumer.

I was listening to the radio though, and a Chinese official was saying that over 100 million Chinese live off $100 dollars a year and that we should be greatful for the cheap product.

So I am confused.

It seems that if the 100 million Chinese living off $100 dollars a year is a sustainable live style, then so be it. In my mind the Chinese don't have moral trading practices because of the condition of the mainland. They have lots of cheap labor and they are looking for anyway possible to push it.

Ultimately though, I don't think China should flood our Markets with their goods if it drives American companies out of business. I do realize that it's too late really to stop them because anything industrial has already moved out of the country.
A renewal in American industry nationalism is what we need. No more foreign stuff, just American. We need a grass-roots campaign.

I would love to get lots of factual information about this topic and will do so in the following days.

Sooner or later China will reform. It's just a matter of time...

I don't think he's fully grasped the concept of greed. You see, capitalism's foundation is greed. China is slowly turning into it by letting greed takeover.

And.. America isn't the world.

world trading revoles around American currency though

Yeah, like how everyone uses inches and feet and miles right?

You got that wrong, they are commies

Also China's population does not choose to live off 100$ a year, they are forced to and if the USA doesn't like it they can just stop importing from China.

You got that wrong. You haven't done any research. Ok. Please do research on topics before you talk about it unless you know what you're talking about.

I have first hand experience on how their lives work.

What does that have to do with American currency?

Why does everything have to be revolved around America?

dont put words in my mouth; I'M SAYING that world trading revolves around American currency (not America in general) I never said that everything revolved around America.

$100 is a sustainable lifestyle? You ever even BEEN to China? Walk through the slums? Look at the conditions they live in?

$100 a year is about 27.4 cents a day. Do you know that the UN considers living on less than a $1 a day is "extreme poverty"? So if these people are living in extreme poverty, you're saying that it's a sustainable lifestyle?

Pfft, the Chinese government is completely filled with corruption. And greed? Ever been to Hong Kong? Heck, the place is more capitalistic than Canada, even after going through a few years of communism when the UK handed the tiny island back to China. IIRC, the Honk Kong Stock Exchange is worth MORE than the NYSE. So greed is definitely there. 'Tis only a matter of time.



Let's look at it this way: Why the hell would China import things from the States, if, they can make it cheaper themselves? Remember, the majority of people in China live in poverty, so can they really afford to buy the stuff coming from the States? Without China, do you think you can afford keep living your current lifestyle? Cheap TVs for a couple hundred, a DVD player for a measly $25 at Wal-Mart (pretty damn good quality too). How will you continue yor lifestyle if the goods you buy suddenly double or triple in price? Heck, a DVD player made in a first-world country would be at least one magnitude more expensive. How about your clothing? Your bags? Electronics? Almost EVERYTHING is made elsewhere these days. If the States decide to close and lock down their borders to all trade, the prices for everything would rocket up to the point where no one would be able to afford anything.

We get cheaper products. You don't want to be paying 8x what you are for stuff, do you? We would have lazy union workers doing the work, so I'm more than happy to let China work hard and sell us goods for cheap.

you guys can't take a issue and look at it from a single point of view the "US"

if for example if you take a look at it from china's standing its completly different.

NO CHINA's TRADING PRACTICES ARE FAIR... U.S. trading practices are unfair!!
U.S. puts huge tarriffs on chinese imports.

not all of china is living on 100$ a year thats only in very rural areas
in cities they have a much higher gnp than any city in the US for example Hong kong and shang hai.

you can't judge a country's economy by the foregian exchange rate thus you can't measure a china's economy with US dollars because it is unaccurate

china has a fixed exchange rate it does not fluctuate due to supply and demand.

china is not a full communist state

china has 2nd largest economy

usa is forced to buy from china, i believe if usa doesn't import from china the hughly indebt stocks markets will fall very rapidly. ex walmart,

china is covering most of US debts, china by buying its bonds.

Seriously though if you talk about china your talking about the next world power.

some statistics
GDP - all figures in US$
(trillions)
world = 55.5
usa = 11.7
china = 7.2
japan = 3.7
india = 3.3
germay = 2.3

Mr. IA-Sky. The US imposes Tarrifs to STOP China from becoming a world power. Why? China sells great goods, even if they are rip-offs, at cheap-ass prices. They basically are trying to control the world through the economy.

Do we have tarrifs on China?

Seeing as the US is fairly protectionist, then I expect so.

The lives of the Chinese are better because of evil, greed filled capitalism.

The only reason to hate the concept of "greed" (wanting better for yourself) is if you have an intense jealousy of those who achieve.

Mercantilism = policy of exporting more than importing, thus making money.

It's definitely better than almost 8 trillion dollars in debt.

Cheap labor in China wasn't intentional, there's just so many people.

Just like killing unauthorized babies just at the moment of birth wasn't intentional, just that there's so many people.