China Protectionism......

“the new rule REQUIRES units sold domestically in China to be built in the Shanghai Free Trade Zone. The requirement could force manufacturers to shift supply chains and open new facilities in order to sell in China.”

http://money.cnn.com/2014/01/08/technology/china-video-games/index.html?hpt=hp_t2

In America we are told we CANNOT do this. This is PROTECTIONISM and protectionism doesn’t work. You have to have open markets and free trade (we are told).

If America did this exact same thing the Communist Chinese would complain to the World Trade Organization. Yet China does this stuff ALL THE TIME. Protectionism helps grow Chinas economy 7.5% a year.

http://news.xinhuanet.com/english/china/2014-01/08/c_133029288.htm

That is considered slow. A few years ago it was growing 11% a year. America couldn’t dream of that kind of growth. That is because America doesn’t use protectionism because we are stupid. Protectionism helps China maintain a large trade deficit with the USA. Protectionism is why after America gave China millions of jobs it then has to borrow money to help pay all the extended unemployment compensation. The borrowed money is owed back to the Communists with interest.

The only word that can be used to explain all this is STUPID!