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US News: How the US, the EU, and Japan Are Trying to Rein in China's State Capitalism

On November 12, the United States, European Union, and Japan will submit a package of proposals to the World Trade Organization’s Council on Trade in Goods that would significantly help curb China’s practices of heavily subsidizing its state-owned enterprises. They are also discussing ways to prevent China from forcing Western companies to transfer technology to Chinese firms.…

Posted: 2018-11-09 14:12:56

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It was recognised that few Third World countries could develop competitively viable export industries in the short term. It was assumed, however, that if a range of protective tariffs and import restrictions were imposed on the import of particular commodities, local industries would develop to supply the local market.

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