A Quote by Richard Glover
We haven't had a recession for 25 years in Australia. It's partly because of our trade with China. China's been doing relatively well. So some of the tensions around a low-wage economy haven't quite happened here in the same way as they have in the United States.
Related Quotes
We haven't had a recession for 25 years in Australia. It's partly because of our trade with China.
Although China and United States are competitors, China and the United States are indeed partners in trade.
During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.
We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.
here are economies like China's economy where it's less than a tenth [of a percent] today, although it is growing, is quite small, because of the notion that the government takes care of everything, and Europe and China, philanthropy has not been nearly of the same scale.
Unlike Europe, China can't be intimidated. Europe backs down if the United States looks at it the wrong way. But China, they've been there for 3,000 years and are paying no attention to the barbarians and don't see any need to.
In the short term, it would not have made it possible to resume relations, because in the Chinese mind, the humiliation of China started with the annexation of Taiwan by Japan. If the United States had suddenly declared Taiwan as a separate state - for which we would have had no support among other nations - the consequences would have been giving up our relationship with China and committing ourselves to a long-term conflict with China.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
Nixon had been to China. He had been to Russia doing arms negotiation. And so, he was on his way toward what happened in November, which was an electoral win with 49 states. And the sheer unnecessariness of the Watergate break-in is something that must have tormented him and his allies in all of the years that followed.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
I have no doubt that there will continue to be bumps, some serious crises indeed in our relationship with China.... Neither membership in the WTO nor normalized trade relations with the United States will magically impose the rule of law on China or institute deep-seeded respect for human rights. But it certainly has potential to advance those purposes.
I've been studying China for quite some time now, and I'm big on China as well. And I think we need to be very concerned about Chinese technology getting into our systems or the systems of our allies.
As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
Being a poet in the States is quite different from being one in China, because in the States poetry depends on the universities for its support. They finance the poets and help them get published. That isn't so in China. But overall it is the same. You can't change society with poetry.
Hostility towards China distorted Australia's international affairs for 20 years until 1972, but reconciliation with China 30 years ago had produced a quarter century of constructive bipartisan relations with our region and the world, unmatched in Australian history.
China's own recent history proves that when it opens itself, there is nothing its people cannot accomplish. A more open China will lead to a more prosperous and stable China. That's good for China, the United States and, indeed, the entire world.
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