Frank wrote on Jan 4
th, 2023 at 8:40am:
Let’s begin with the strange argument being advocated by some that Beijing eventually reversing trade bans against us is a demonstration of renewed Chinese commitment to the norms of open trade and the free trade agreement between our two countries.
Well, China wants trade with ALL countries, and is trying to resist the
global decoupling which the US is trying to force onto the world to contain China and maintain US global hegemony.
As for trade with Oz, Turnbull did the CIA's bidding and banned Huawei on trumped up 'security' grounds.
Quote:The politically motivated Chinese trade measures were illegitimate and probably illegal in the first place.
The Huawei bans, violating world trade norms, started the rot in the first place...
Quote:Beijing is reconsidering these measures because they have produced the opposite of the intended political and strategic effects. Praising and possibly rewarding one side for merely ceasing to do what is wrong is an extraordinarily low standard for demonstrating commitment to free trade rules and norms.
The vicious US determination to cut China out of global free trade has caused China to reconsider its "punishment" of Oz for banning Hauwei.
Quote:Moreover, it is not as if China has a credible record of compliance to these cherished rules and norms, and that the past four years of actions against Australia is an aberration.
Context, explained above.
Quote:Since its ascension into the World Trade Organisation in 2001, Beijing has promised an arm’s-length relationship with state-owned enterprises, to cut back on industrial subsidies and other advantages offered to SOEs and national champions, and more recently to refrain from conducting state-backed and systematic intellectual property theft.
Evil, neoliberal free-market ideology; state subsidization of industry (and individuals) is a legitimate socialist tenet.
As for the WTO, the US is currently blocking its proper function by refusing to appoint judges to the WTO's appellate court.
Quote:Instead, the reverse has occurred while Xi has doubled down on this state-led model on achieving his historic third term in power.
Yes, the excessive reliance on free market ideology in China resulted in the Evergrade fiasco, and funny money tech companies; Xi is working to reverse these evils.
Quote:Then there is the issue of China’s broader geo-economic and geopolitical objectives. The Belt and Road Initiative remains Xi’s primary blueprint to build a Sino-centric economic, trading, infrastructure and supply chain ecosystem in which Chinese entities enjoy an insurmountable position of strength.
er... China's BRI engenders economic development in ALL countries, which the greedy West ignored for decades.
Quote:The Made in China 2025 plan is still the framework to ensure Chinese SOEs and national champions dominate global export markets in the most strategic and lucrative hi-tech sectors. The explicit endgame is to secure Beijing uncontested geopolitical leverage over our region and beyond.
The endgame is to promote multi lateral development in all nations, in contrast to the US's paranoid determination to maintain global hegemony and "America First".
Quote:More recently, Beijing has put forward its Global Development Initiative and Global Security Initiative, which elevate notions of the collective or greater good over Western ideas about universal or individual rights.
Yes, given these Western ideas promote the welfare of the most competitive individuals, over the well-being of all.
Quote:The implication is that it is the prerogative of the ruling regime to define and pursue the collective or greater good on behalf of the people to fast-track material advancement rather than leave that delicate task to one’s democratic processes or pre-existing liberal institutions.
ie, the "delicate task" of maintaining the advantage of the most competitive and greediest individuals.
Quote:As we have seen with the WTO, and this time regarding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entity without the balancing influence of American or European membership, China will use its size and leverage to change the nature and operation of an institution once it is a member.
And not before time: the greedy individualistic West is presiding over entrenched poverty and a growing
sovereign debt crisis in developing countries.
Quote:Another of Rupert's evil, self-interested productions, determined to maintain US global hegemony... like a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money"........
Quote:Do not trust China.
Self-interested US global hegemony is far and away a greater threat.