A Quote by Sanjaya Baru
For China, the GCC countries have emerged as a major market for Chinese manufactured goods and food exports.
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Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.
It is quite easy to understand what China would need from the African continent with regards to its own economy, raw materials, oil and a market for manufactured goods. As I say it is not difficulty to understand and perfectly legitimate. There is nothing wrong with that.
Americans were happy to buy vast quantities of relatively inexpensive Chinese manufactured goods, demand for which provided jobs for the tens of millions of Chinese who moved from poor agricultural areas to new or rapidly expanding cities.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
With a population of 1.4 billion, China is a lucrative market. But getting into that market isn't cheap. At best, the price of doing business in China is silence; at worst, it's reading talking points straight from the Chinese Communist Party. Beijing is not subtle about it.
Of other countries, to impose economic sanctions, it'd really begin to dry up the enormous amount of money coming into North Korea, a lot of it from China - from Chinese banks - whereas, if we sanction the Chinese banks, there could be friction with China. But this is something we're going to have to face.
I believe China is a major trade violator. The Chinese break all the rules. They counterfeit our goods, steal our international property rights, and hack the computers of our industries and government. Something must be done about it.
China has become a major presence for most countries around the world but notably for its neighboring countries in Asia. So I think it is a common position for Japan and its Asian neighbors that we certainly would strive to maintain as much as possible friendly relations with China.
Of course, most luxury goods in China are for corrupted officials and their relatives. And that made China become the biggest luxury-goods market. In this kind of dictatorship, in this kind of totalitarian society, it is easy to make deals that you cannot make in a democratic society.
You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do.
There are a lot of Chinese-American designers and Chinese designers who have had an impact a little bit on the American market, but I think it's going to be interesting to watch if, over time, somebody can emerge from China who is based in China, and whether they come and show in Paris, like Rei Kawakubo or Yohji Yamamoto did.
We want to help U.S. entrepreneurs, small business owners, and brands and companies of all sizes sell their goods to the growing Chinese consumer class. Chinese consumers will get to buy the American products they want. This, in turn, will help create American jobs and increase U.S. exports.
A lot of Americans desperately want to believe that China is full of poor people who can't innovate, and the only goods they make are cheap, toxic rip-offs our Western brands. They want to believe the only reason the Chinese economy is surging is because the West wants cheap goods and China knows how to make them that way.
We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.
Chile is a country that sells cheap and buys expensive, because we have to pay for manufactured goods from countries at much higher levels of development.
China had never had to deal in a world of countries of approximately equal strength, and so to adjust to such a world, is in itself a profound challenge to China, which now has fourteen countries on its borders, some of which are small, but can project their nationality into China, some of which are large, and historically significant, so that any attempt by Chinese to dominate the world, would involve in a disastrous for the peace of the world.
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