From: ronkean@juno.com
Date: Thu Dec 23 1999 - 19:58:07 MST
On Thu, 23 Dec 1999 15:17:26 EST GBurch1@aol.com writes:
>
> Opening up "the China market" has been a goal of the trade policies
> of western countries for going on 250 years. Other than opium, the
> West has never found anything to sell to the Middle Kingdom in great
volume.
> Aside from the opium trade, the balance has always been the other way,
as
> it is today. As much as the current Chinese government says that it
wants
> to join the WTO, I wonder whether the mercantilist policies that have
always
> characterized Chinese foreign policy will really change in the long
> run . . .
If China's trade balance has been consistently positive for 250 years,
where is the money, or what happened to the money representing the
cumulative trade imbalance?
Ron Kean
.
.
.
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