Posted on 07/31/2017 8:50:44 PM PDT by TigerLikesRooster
China’s weaponization of trade
China has encouraged and then exploited other countries’ economic reliance on it to compel their support for its foreign-policy objectives
Brahma Chellaney
China denies mixing business with politics, yet it has long used trade to punish countries that refuse to toe its line. China’s recent heavy-handed economic sanctioning of South Korea, in response to that country’s decision to deploy the Terminal High Altitude Area Defense (THAAD) anti-missile system, was just the latest example of the Chinese authorities’ use of trade as a political weapon.
China’s government has encouraged and then exploited states’ economic reliance on it to compel their support for its foreign-policy objectives. Its economic punishments range from restricting imports or informally boycotting goods to halting strategic exports (such as rare earth minerals) and encouraging domestic protests against specific foreign businesses. Other tools include suspending tourist travel and blocking fishing access. All are used carefully to avoid disruption that could harm China’s own business interests.
Mongolia became a classic case of such geo-economic coercion, after it hosted the Dalai Lama last November. With China accounting for 90% of Mongolian exports, the Chinese authorities set out to teach Mongolia a lesson. After imposing punitive fees on its exports, Chinese foreign minister Wang Yi voiced “hope that Mongolia has taken this lesson to heart” and that it would “scrupulously abide by its promise” not to invite the Tibetan spiritual leader again.
A more famous case was China’s trade reprisals against Norway, after the 2010 Nobel Peace Prize was awarded to the jailed Chinese dissident Liu Xiaobo. As a result, Norwegian salmon exports to China collapsed.
(Excerpt) Read more at livemint.com ...
P!
(acknowledging) it would undermine their sacrosanct ideology
Agreed. What kind of people buy hundreds of billions of dollars of produce from their enemies? Actually transferring their own industry in the process! What kind of people do this?
If only we would “ weaponize” trade with our enemy Communist China.
It is time for the USA to progressively reduce to termination, perhaps over two or three years, all trade with China. Yes, it will raise prices. And yes it will kick China in the gut.
I don’t like the term “uniparty” at all. I have used it but it is too contrived. I prefer “Government Party.”
Greedy people do, that’s who.
We have become addicted to Chinese pieces of crap at dollar stores. I think we can weather it better than them. Your plan of course will never happen, but we can dream.
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