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Absurd double standards on China's resources
01/07/2009
On the one hand, they may impose a strictly limited quota on China's iron and steel, agricultural produces, and many other primary products, while on the other hand, they are trying their utmost to seize China's rare metals. That is what the U.S. and the E.U. members have done these days, and they even went so far last week as to file complaints with the World Trade Organization (WTO) over China's restrictions on exports of some industrial raw materials, which are literally vital strategic resources to China.
Developing countries need to be careful of protectionism
01/07/2009
The man behind the counter looked up as an old woman walked in. Clad in a worn green sari she seemed cross with something. Waving at the stacks of mobile handsets behind him she quickly unwrapped a cell phone from the loose end of her garment and placed it on the table with a loud thud. The smooth lines were unmistakably familiar. So, was the touch-screen keypad. The man picked it up, quickly took off the cover with the Apple logo and listened carefully as the woman let loose her complaints. “Rs 2,000 for repairs,” he said. The woman slapped her forehead and let loose another volley of expletives arguing that it cost her son that much to buy the phone. The man was adamant. “Even Chinese fakes are expensive to repair. Take it or leave it.”
