Dec 12 2008
China Finally Feels Wrath of Situation They Helped Cause!
2008-12-12
China’s Exports Growth falls for the First Time in seven years. An effect of the Recession the world is now in. For many years China has exported all different kinds of products, both Raw and Manufactured. The products have been exported all over the World, with the United States as the largest consumer of their exports. The world system of Trade has been Negotiated so that no one Country reaps all of the benefits without doing their part through Fair Trade Practices. This system is meant to be applied to all. China seems to have slipped through the Cracks on this system. Not keeping up their end in Fair Trade Practices, they have been permitted to operate without buying their share in return. Although this is Great for China, it has help to contribute to the current conditions of the World Economy. As Diplomatic Relations with China are in the Early Stages compared to the rest of the World, a situation of their own doing, it is considered Taboo to make any mention of the Trade Deficit. I am a believer in the theory that if the rest of the world had been speaking the fact and true about situations like this, we wouldn’t be in the mess that we are. With the theories and facts that have just been reviewed my mind, I have No Sympathy for China……. What Do You Think?
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