Paul Miesing, “A Peek Behind the Bamboo Curtain
of China Businesses”
Business Opportunities (Cont’d.)
•Accession to WTO
helps strengthen China’s ability to maintain strong economic growth rates
–…
but also pressures hybrid system (strong political controls + growing market influences)
•Chinese Concerns:
–Trading/distribution rights – Threaten domestic sectors (autos; agriculture)
–Social Impacts – Unemployment; threats to pensions and social security
•U.S. Concerns:
–Transparency – Publishing laws, uniform and fair enforcement, etc.
–Intellectual property rights – Lack enforcement
–Trade boom hurts West – Compete for resources, jobs, and markets