Posted on 11/01/2018 8:01:42 AM PDT by RoosterRedux
Xi, believing in the primacy of the Party and the power of the state, has marched China back to something resembling the systems created and maintained by Mao Zedong and Joseph Stalin.
Xi has, for instance, been busy recombining already large state enterprises back into dominant market players and, in a few cases, formal state monopolies. He has increased state subsidies to favored participants and has placed a new emphasis on industrial policy, like his notorious Made in China 2025 initiative that seeks self-sufficiency in crucial sectors.
He has tightened already strict capital controls, often enforcing unannounced rules. Moreover, Xi has dramatically increased state control over the equity markets, especially since the summer of 2015. Market-supporting purchases by the aptly named “National Team” are, in substance, renationalization. Xi, in addition to that effort, is partially nationalizing the tech sector.
Throughout Xi’s tenure, the state has, as is so often said, “advanced” and the market “retreated,” this despite the much-publicized promise, from the 3rd plenum of the 18th Central Committee in November 2013, to let the market play a “decisive role” in the allocation of resources.
Unfortunately, Xi Jinping is making all these regressive moves with such vigor and determination that it is unlikely foreign companies will achieve, so long as he rules, fair access to the Chinese market.
Xi’s Beijing has, not surprisingly, been blatantly disregarding obligations under trade agreements. He has been closing off China’s markets to foreign companies with discriminatory law enforcement actions, state media-promoted boycotts, and legislation, such as the Cybersecurity Law and National Security Law, which target non-domestic competitors. And he has been inserting Communist Party cells into foreign-owned operations in China.
At the same time, Xi has continued to take, by theft and by rule, hundreds of billions of dollars of foreign-intellectual property each year...
(Excerpt) Read more at nationalinterest.org ...
Does that include funneling a billion dollars through the Democrat Vice-President's son and the Republican Senate majority leader's father-in-law and sister-in-law?
-PJ
Exactly! I moved bare circuit boards and components to other than China, worked out well no tariff’s.
Russia, China, Venezuela, Iran, Pakistan and Cuba are the new AXIS!
Russia could still be a swing...
So hypothetically if we were to stop all imports via embargo then the USA would return to the electronic stone age? I say 1 year tops and the USA would be back making all electronics domestically.
When did you stop believing in America?
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