Friday, April 15, 2016

China to Dump Some Subsidies?

If and when China gets rid of its export rebate, then we can see how much trade we really do with China, for who knows how much false invoicing has been going on, to scam the export subsidies, but $5 million for an $80,000 Vancouver house is some indication of how much has been going on.

China wants to be like USA, so there is no chance they will agree to anything that matters to them...

"The Chinese want to become a high-tech country. They want to move up the value chain," said James Lewis, a senior fellow at the Center for Strategic and International Studies.
Chinese agriculture products that will lose the subsidies include apples, beef, mushrooms, pork, tea, tomatoes, beans, ginseng, poultry, seaweed and, garlic, USTR said.

Ho hum.    Poultry?  That is Tyson chicken shipped to China to be parted and packed and sent back to USA as Chinese produce.  World trade policies make for some very unintended consequences.

Feel free to forward this by email to three of your friends.


Anonymous said...

Tyson chicken shipped to China, then mixed with Sars ridden poultry, then re-shipped to USA and the rest of the world.

John Wiley Spiers said...

Got sources?