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by system16 3597 days ago
By the looks of it, it doesn't need to be open both ways at all. Like the article states, Chinese companies like Musical.ly have the chance to access and profit from the US market without US government intervention. US/foreign companies don't have that luxury in China, or they do for just long enough for a local variant to gain traction and then they're booted out.

Why the US puts up with this blatant WTO violation is baffling.

2 comments

This is the last year where China will be viewed as market economy. After end of this year, they'll face tariffs and barriers to their trade due to the fact that China has not followed most of the requirements to stay in WTO. EU and US have already refused to automatically extend WTO acceptance for China. Watch for Chinese economy collapse after that.
But what is the solution? Does the US build its own GFW to "protect" its own Internet? If a Chinese company wants to build a service that Americans can use, aside from blocking credit card payments for those services, the US would have to build its own GFW.
I don't think that's the answer. Maybe sanctions or other disincentives that would encourage China to play by the rules? When China joined the WTO they made a commitment that they are blatantly disregarding. What we have now is not an even playing field, and if it continues to go unchecked the US will continue to lose this game.
Blocking credit card transactions would be enough of a deterrent.