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March 24, 2006
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Mr Smith goes to Beijing
According to the SCMP, the three protectionist American senators visiting China have undergone a miraculous conversion and now see the light: The two US senators behind proposed legislation to impose punitive tariffs on Chinese products have shifted from seeing "China as a threat" to a potential "close ally" after meeting top mainland leaders yesterday.Bowled over by Wu Yi but still hedging their bets. The senators are doing what politicians do best - changing their message according to the crowd. You can bet as soon as they land back in Washington it will be "I've seen the enemy up close" again. And the Chinese have very politely told the Americans to piss off. This WaPo article also points out that the senators' visit and the bid to impose currency and other reforms is backfiring: ...in strikingly moral tones, they [the senators] pledged Washington's resolve to pressure China to liberalize not only its yuan regime but also its political culture, using trade as a wedge for an almost evangelical campaign for US values...If all it takes to open the eyes of these politicians to the folly and potential consequences of these protectionist measures, China should fly the entire US Congress out for a visit. I'm sure Wu Yi can spare the time. posted by Simon on 03.24.06 at 09:22 AM in the China economy category.
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Comments:
China could easily shut America's mouth if it were to start threatening a purge of its US currency reserves. I'm quite sure the politicians in Washington would not be complaining one bit if the trade imbalance were tilting the other way. posted by: THM on 03.24.06 at 10:48 AM [permalink]"I've learned that you've got 700 million people who need employment, that the interior of your country is not developed," You had to fly there to find that out? Clearly there is less oxygen at the rarified altitude of US Senator. This scene has been replayed over and over for the last thirty years. Posturing, nothing more. There will be some cosmetic legislation, and the two sides will go right on trading....... Michael Gee, does anyone think it might help if these guys had actually studied the issues a bit before leaving? If it takes this trip to see the light, so be it, but I tend to agree with Simon that they will be whistling a different tune by the time they return stateside. posted by: China Law Blog on 03.24.06 at 12:46 PM [permalink]Gee, can the American politicians be more creative. We have been bored by the same tricks and posturing again and again. Eye opener? They haven't seen the real China! posted by: Gloria on 03.24.06 at 01:55 PM [permalink]This is the typical American visitor cycle Step 2: Visit Beijing and or Shanghai, get taken out to lavish banquets, construction sites, all the most modern places (definitely not the grubby countryside), see beautiful women, have your hosts tell you that they secretly are liberalizing everything but that there's too many Chinese to allow them to have rights that they don't want anyway. Incredible business opportunities will be promised, and your hosts will promise you can sidestep the typical regulations, using their connections, as their special favor to you. Step 3: Go home and tell everyone how China's the greatest place in the world, that it's more capitalist than the US, with a more visionary government than anyone. Step 4: Get F-ed in the A when your hosts backstab you, proving that their gracious hosting was an act to get what they wanted from you. posted by: A. West on 03.25.06 at 01:37 AM [permalink]Quotes from today's China Daily: "Gee, does anyone think it might help if these guys had actually studied the issues a bit before leaving? " if they did, there won't be the 27.5% bill from the start. :) stephen roach has some amusing comments about his meeting with them. posted by: sun bin on 03.26.06 at 02:00 AM [permalink] |
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