China’s export mercantilism is bad for everyone
China has embraced dependency on exports as the cornerstone of its economic policy. Mercantilism benefits the Chinese Communist Party and its absolute ruler, Xi Jinping. But it damages the domestic economy and reduces the prosperity of its people.
- ▪China has embraced dependency on exports as the cornerstone of its economic policy.
- ▪Mercantilism benefits the Chinese Communist Party and its absolute ruler, Xi Jinping.
- ▪But it damages the domestic economy and reduces the prosperity of its people.
Washington Examiner files mainly under politics. We currently carry 1,915 of its stories.
Opening excerpt (first ~120 words) tap to expand
China has embraced dependency on exports as the cornerstone of its economic policy. Mercantilism benefits the Chinese Communist Party and its absolute ruler, Xi Jinping. But it damages the domestic economy and reduces the prosperity of its people. Moreover, Chinese mercantilism harms the global economy, including the economy of the United States.Chinese mercantilism is characterized by a persistent drive to generate massive trade surpluses with individual countries and with the global economy as a whole. Chinese export industries receive heavy state subsidies as part of an aggressive industrial policy designed to dominate global manufacturing. Through currency management and a relentless pursuit of global market share regardless of cost, China increases its power.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
Discussion
0 commentsMore from Washington Examiner
