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China and US - Different sets of rules

 
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Mr. X



Joined: 04 Feb 2006
Posts: 28
PostPosted: Sun Mar 19, 2006 9:24 am    Post subject: China and US - Different sets of rules Reply with quote
I just read a news article about the US footwear company Timberland, and its plans to export gear to China by opening 70 stores there. This is good news for the US/China trade imbalance, but one thing which struck me as "not to cool" is the fact that there are such different rules for exporting to Chine, vs. imported stuff which comes here.

Timberland feels that it must price it's goods 15 - 20 % higher in China than in other markets. The reasons are that China has a high tax on imported goods, and there is a high risk that the imported goods will be illegally copied by Chinese companies.

I am not the biggest fan of uninhibited Globalization and completely free trade, and this is one reason why. China wants it free when they are selling, but has both protectionist rules when buying, and lack of enforcement in protecting foreign countries rights. This "one way street" is not globalism in the good sense, and we need to stick up for ourselves in the world of world trade, and not be stupid.
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I-rock



Joined: 18 Mar 2006
Posts: 5
Location: Iraq
PostPosted: Wed Mar 29, 2006 3:03 pm    Post subject: Sumo wrestlers, both lose Reply with quote
Quote:
"Personally, I can think of no faster path to a world-wide recession than for the twin engines of the global economy-- the United States and China-- to turn against one another." - Jim Owens, CEO of Caterpillar, Inc.


Yes, the two countries are quite intertwined economically speaking. To fight would cause hardship. To work together would be good. This assumes we want to focus on economics, and to preserve the global economy....
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Gossioii4



Joined: 20 Mar 2009
Posts: 3
PostPosted: Sat Apr 18, 2009 1:33 am    Post subject: good Reply with quote
I feel good that there are people like you too. Thanks for this great weblog of yours. Its surely going to get me to go to higher places!
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