Well, even Obama has limits to his patience. Given that the World Court at the Hague came out against China's territorial claim in the South China Sea(a case brought by the Phillipine Islands), Obama made a statement that China has not reduced or eliminated export duties on rare metals such as tantalum, which in turn provides a subsidy for China's domestic electronics industry and industrial capacity. The applications with the WTO will be in jeopardy now.
In the EU, Mr. Juncker says that China continues to dump steel in the EU at below cost. Steel is the one commodity that affects manufacturing worldwide, and China has been instrumental in its pricing by maintaining operations and production at steel mills that are state controlled, heavily in debt, and are without domestic needs whatsoever. This in itself constitutes state subsidy.
Now we have a Chinese company that wants to by Paramount Entertainment of the US. Is this a good thing? NO. Perhaps, in light of the Communist governments reaction to the Hague decision, investment in US domestic companies should be put on hold by the State Department. Maybe the aggressive posture of the Chinese Navy in the South China Sea should be recognized for what it is: aggressive land grabbing from smaller nations that exist on the perimeter(Vietnam, P.I., Brunei, Australia, Malaysia, Singapore, Taiwan, and Korea, and Japan).
The world knows that China's economy has been in recession for some time due to over production and poor banking policies, but that does not in any way necessitate political hubris on the international stage for it is unacceptable.
Obama has months to go in his final term. Kudos to him for confronting the Asian tiger.
Lake Tahoe, California's Alpine playground, is anchored on the west shore by Homewood/Tahoma, straddling two counties:Placer and El Dorado. The mayor of Tahoma posts information related to the area and items of interest to residents and visitors alike. Its goal is to be informative, humorous, and timely. Hope you enjoy the site.
Subscribe to:
Post Comments (Atom)
Biden Hosts Island Nation Leaders
In the first ever meeting among Pacific allies, President Biden hosted a tripartite meeting in Washington, DC. His goal: to indicate ...
-
Finally, some civic action that will affect Lake Tahoe and its residents. The town of Truckee has passed an ordnance that will ban t...
-
Americans today live in a world shaped by our Civil War. The war guided until its end by Pres. Abraham Lincoln. The war ended in Febru...
-
So, Thanksgiving is over, finito, completo. Christmas trees are on the stands, in the lots everywhere. It happens fast now as retai...
No comments:
Post a Comment