mysaug

Is China Experiencing Dollar Outflows?

China continues to foot drag on its WTO assension agreements and has to be taken to WTO court ( auto parts, steel pipe, financial media, etc) to force them to abide by international rules. They refuse to open up their markets they know they can not compete with and force companies to open plants there . This is completely illegal under WTO and the new administraion should hit them wiht a new case every month. Just this summer China issued an edict requiring Chinese mining companies to buy 50% of their mining machinery from local companies. This impacts US jobs as 2 companies dominant this , Joy Gbobal and Bucyrus . Time to hammer them, having 200 million people living on $3 a day is not our problem and they can not pick and choose what they will honor under WTO.