| > Wait a minute... You're pretending like trade is only "fair" if selling happens in both directions. Doesn't that fly directly in the face of what trade means? I am confused by your question. How is this relevant to anti-competitive behavior of the CCP? > You buy something, but you get value in return. That's why it's not called "donation". If the thing you bought is not valuable to you then why did you buy it in the first place? Again, what does your patronizing clarification have to do with competitive marketplace where all parties can play fair? I am genuinely asking instead of just raising rhetorical questions. Literally the first line on Free Trade wikipedia page [1] says: "Free trade is a trade policy that does not restrict imports or exports." I thought I was talking about "Free Trade" as in freely be able to compete in China just as local companies. Perhaps there was a misunderstanding? [1] https://en.wikipedia.org/wiki/Free_trade |
We recognize that "fairness" in boxing and other sports requires things like weight classes. The same goes for trade between countries at very different levels of economic development. Developed, undeveloped and developing countries should not have identical policies. Most countries that are developed today got to where they are using protectionist policies.
Ha-Joon Chang explains his views in this talk: https://youtu.be/T5-ojv5-b3U