China has been a member of the World Trade Organization for ten years. Membership in the WTO has provided a great engine for Chinese economic growth, while China continues to skirt many WTO regulations.
China offers many advantages to nationalized companies that include: free land, low loans, cheap electricity, sneak peaks at government regulation, and bid rigging that make it hard for foreign companies to offer meaningful competition in China…foreign competitors claim.
Source: http://www.csmonitor.com/World/Asia-Pacific/2011/1214/How-WTO-membership-made-China-the-workshop-of-the-world
Piracy is a huge problem within China making any company who dares to do business there face a losing proposition because why buy the genuine article at full price when a pirated version can be had for a significant discount?
Membership in the WTO has been a boom for China, but at what cost to the international order of global trade? If global trade has a huge benefit for some countries, while being a money pit for others, can it really be called global trade or highway robbery?
International corporate types have made a bargain with the dragon for profit that will eventually prove to be a loser.
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