• There are three types of people in the world, those who don't know what's happening, those who wonder what's happening and those on the streets that make things happen.

Posted by Raunak Mahajan on February 6, 2013

What China does is wrong. It throws the principles of fair trade out of the window….and for some reason we let it get away with it.

Tibetan Blog Station

Source: Lhakar Diaries

deathbychina1013x1463-709x1024This past week, I saw the film ‘Death by China’. This film is based on the book written by Peter Navarro and Greg Autry. I didn’t know what to expect going into this film, I hadn’t heard anything about the film, but my doubts about this film were instantly soothed when I heard the sweet, smooth voice of Martin Sheen begin narrating film. I remembered that he had also narrated Tibet Cry of the Snowlion, so Death by China automatically gained some credibility with me. Like any other documentary film, the footage consisted of many interviews, and within the first, say, 5 minutes of the film, Lhakpa Tsering of the Free Tibet World Bike Tour was shown being interviewed about his views on China’s economic prowess while holding a sign advocating for Tibetan freedom. Throughout the film, Tibet was referred to numerous times.

While I…

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4 Responses to “”

  1. OK. China has set the exchange rate in their favor. That means that China is subsidizing their exports, making them cheaper than they would otherwise be. This enables U.S. consumers to reap the benefit of lower prices on Chinese goods and there are more U.S. consumers who benefit from lower prices than U.S. producers who suffer from it. What’s wrong with that? We are all consumers who can save money on subsidized Chinese goods and can spend the savings on other goods and services.

    Even if China revalued the renminbi this would not necessarily translate into more U.S. export jobs. A revalued renminbi would lower the cost of China’s manufacturing inputs which means that final prices on Chinese finished products might not change much. Also, plenty of American jobs are in import-dependent industries that would be harmed by a weaker dollar.

    Furthermore, you can’t blame China for all the jobs that have gone overseas. The U.S. is solely responsible for debasing its own currency, forcing U.S. manufacturers to go offshore in an attempt to keep prices down. China has nothing to do with that. Finally, despite all the rhetoric, until the recent slowdown in the Chinese economy U.S. exports to China were actually soaring.

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