Chinese Protectionism

It has been stated that the Chinese made it difficult for foreign businesses to trade with or set up in China, even before President Trump was elected. Below are some of the hindrances to doing business in China:

  1. Language barrier
  2. Bureaucratic regulations
  3. Availablity of trained employees
  4. Government subsidization of local businesses to unfairly increase competition
  5. Chinese consumer preferences
  6. Chines government corruption
  7. Difficulty of Intellectual Property rights
  8. Desire of Chinese citizens to support local industries
  9. Lower Chinese labor costs and less safety regulations imposed on Chinese firms
  10. Currency manipulation

Apparently, the Chinese did not impose tariffs in addition to the other 10 obstacles listed above, yet admittedly, other obstacles can make “free” trade less “free.”

Published by jobplod

85 year old physician

Leave a comment