[PEN-L:7717] Re: Re: Re: Re: China, WTO & Excess Capacity

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

You are absolutely right.  China has insufficient capital and techinology to be
beneficially competitive in the global market devoid of nationalistic protectionism.  The
only card China has is its enormous market potential.  Joining WTO requires China to give
that away free. But then I am not Chairman of the Party, not yet. ;o)
Max is.

Henry C.K. Liu

phillp2@xxxxxxxxxxxxxxx wrote:

> What I don't understand is why China seems so intent on getting in
> to the WTO which will limit its ability to use policy measures to
> develop its own economy.
>
> Paul Phillips,
> Economics,
> University of Manitoba
>
> Date sent:              Thu, 03 Jun 1999 18:18:04 -0400
> From:                   "Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>
> To:                     pen-l@xxxxxxxxxxxxxxxxxxx
> Subject:                [PEN-L:7660] Re: Re: China, WTO & Excess Capacity
> Send reply to:          pen-l@xxxxxxxxxxxxxxxxxxx
>
>  >  I am devoting my energy to move China back to the socialist road.  A
> > mixed economy only means a capitalist economy through torturous paths.  I firmly
> > believe that profit is not the only effective movtiving economic force and a profit
> > motivation society cannot be good.  That is why I think Mao is important and WTO is
> > a bad vehicle.
> >
> > Henry C.K. Liu
> >
> >