Does the above make Chinese Unfair Traders?
The above is very true. Chinese have not lived up to any of the fair trade practices which are a norm elsewhere. They cannot be trusted. They buy less and sell more. They unfairly price their currency and their products. To strike an economic advantage they will even stab their best friend (Soviet Union) in the back, which they did in 1973, during President Nixons visit to China. Wherever they see an opening they flood the market with cheap goods. In return they buy next to nothing from others. American pre-occupation of being a sole super power from 1991 onwards and their pre-occupation with Middle East Wars was the opening Chinese were looking for. They flooded US with everything from dollar store items to stocking Wal-Mart and other store shelves with every day usage goods. Had the Bra-War confrontation not happened, in five years all the textiles available in the West would have been made in China? What does Chinese buy in return from the West? It buys very little. If they buy anyt
