Comments by "Valen Ron" (@valenrn8657) on "Australia highlights to world China ‘cannot keep its promises’" video.

  1.  @dosss9152  https://www.scmp.com/news/china/diplomacy-defence/article/1940397/china-making-life-difficult-foreign-companies China welcomed them with open arms, but now overseas firms are complaining about the country’s increasingly hostile business environment as concerns rise over protectionism, forced technology transfers and tightening censorship
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  2.  @dosss9152  https://graphitepublications.com/will-chinas-outrageous-rare-earth-monopoly-persist/ China's rare earth near monopoly was built on SOE (state own enterprise) which driven private competitors from the market. Rare earth is important for electronics component production logistics chain.
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  3.  @yt.personal.identification  https://www.forbes.com/sites/douglasbulloch/2016/10/12/protectionism-may-be-rising-around-the-world-but-in-china-it-never-went-away/#5dc3f5df73da Protectionism May Be Rising Around The World, But In China It Never Went Away Promises unkept? Since joining the WTO in 2001, China has repeatedly insisted that it will live up to those undertakings made on entry. In particular, the use of currency manipulation has been identified by the US as a breech of the commitment to end price controls for the purposes of protecting domestic industries. This became a major political issue from 2005 onwards, and has only recently subsided because it is assumed that the RMB is slightly overvalued on the market. Nevertheless, for years it was deliberate policy for the PBoC to accumulate US Dollars and suppress the exchange rate for the RMB, resulting in exactly the price distortions China had committed to eliminate in 2001, and fuelling an enormous trade surplus with the US, which persists and expands to this day. Furthermore TRIPS implementation has been given some effect on paper, but has made little progress when it comes to 'enforcement.' This is (according to the WTO) as recently as February 2015, fully 14 years after TRIPS was supposed to be already in effect. The US Trade Representative produces an annual report to Congress on China's WTO compliance which leaves little room to conclude they have so far lived up to their accession commitments. The most recent several-hundred-page document - produced in December 2015 - recites a long list of small measures, committees established, announcements made and new administrative complications faced, all continuing disputes over an agreement theoretically in effect since 2001. Although, therefore, protectionism is rising around the world, it is also true to say that existing practices of protectionism have not fallen in the way that they should have since China's accession to the WTO in 2001. Because of this lack of progress in easing trade, the extended period of currency manipulation, the lack of observance of TRIPS and the sheer administrative resistance exporters face when trying to get their products into China, we now face of world of highly unbalanced trade, and rising mistrust. And it is this that is leading to rising protectionism; the simple fact that it never went away.
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  4.  @yt.personal.identification  https://www.lowyinstitute.org/the-interpreter/china-how-big-tech-learning-love-party Wang Xiaochuan, CEO of Sogou, a Tencent-backed search engine, explained this dynamic explicitly in a quote leaked in March of this year: We’re entering an era in which we'll be fused together. It might be that there will be a request to establish a Party committee within your company, or that you should let state investors take a stake, you know, as a form of mixed ownership
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  5.  @yt.personal.identification  https://supchina.com/2018/03/23/why-chinese-companies-crush-western-tech-giants-in-china/ For example, Bloomberg published an article earlier this month titled “China protectionism creates tech billionaires who protect Xi,” with the author stating, “That’s helped create thriving domestic giants, including Tencent Holdings Ltd. and Alibaba Group Holding Ltd.” Mark Natkin, managing director of Beijing-based Marbridge Consulting, was quoted as saying, “As long as they remain protected in the China market, they’ll dominate and use that money to fund their global expansion.”
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  6. https://www.forbes.com/sites/douglasbulloch/2016/10/12/protectionism-may-be-rising-around-the-world-but-in-china-it-never-went-away/#5dc3f5df73da Protectionism May Be Rising Around The World, But In China It Never Went Away Promises unkept? Since joining the WTO in 2001, China has repeatedly insisted that it will live up to those undertakings made on entry. In particular, the use of currency manipulation has been identified by the US as a breech of the commitment to end price controls for the purposes of protecting domestic industries. This became a major political issue from 2005 onwards, and has only recently subsided because it is assumed that the RMB is slightly overvalued on the market. Nevertheless, for years it was deliberate policy for the PBoC to accumulate US Dollars and suppress the exchange rate for the RMB, resulting in exactly the price distortions China had committed to eliminate in 2001, and fuelling an enormous trade surplus with the US, which persists and expands to this day. Furthermore TRIPS implementation has been given some effect on paper, but has made little progress when it comes to 'enforcement.' This is (according to the WTO) as recently as February 2015, fully 14 years after TRIPS was supposed to be already in effect. The US Trade Representative produces an annual report to Congress on China's WTO compliance which leaves little room to conclude they have so far lived up to their accession commitments. The most recent several-hundred-page document - produced in December 2015 - recites a long list of small measures, committees established, announcements made and new administrative complications faced, all continuing disputes over an agreement theoretically in effect since 2001. Although, therefore, protectionism is rising around the world, it is also true to say that existing practices of protectionism have not fallen in the way that they should have since China's accession to the WTO in 2001. Because of this lack of progress in easing trade, the extended period of currency manipulation, the lack of observance of TRIPS and the sheer administrative resistance exporters face when trying to get their products into China, we now face of world of highly unbalanced trade, and rising mistrust. And it is this that is leading to rising protectionism; the simple fact that it never went away. ----------------------
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