Posts Tagged 'Importing'

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people would think that trading raw materials is mutually beneficial between countries. The US economy depends on profiting globally, and we understand the benefit of using cheap labor in foreign countries through FDI. However, what happens when a state financed enterprise in China strategically buys up raw materials like iron and petroleum. I am not just talking about an even percentage, I mean “greater than 90% of the world’s raw supply of iron” and complete control over the U. S. petroleum supply. 1 Fortunately, the US government noticed what they were up to and made it illegal for another county to purchase a controlling interest in the U. S. petroleum supply. On a side note, it was only five years ago that the North Korean government financed a massive plant to produce billions in counterfeit U. S. currency. Everyone knows that the U. S. military forces are superior to any other country, but there is one thing that we do not have. China has a “population of 87 million exceeds most European nations”. 2 Many of these people are living in less fortunate conditions. You might even assume that they would prefer a better life, and the right leader could influence them to do so at the expense of other nations. We are vastly out numbered, so what makes our military forces superior? The answer is technology, industry, petroleum, and iron. Technology is always either for sale, or it can be gathered through espionage. China can buy the same level of technology from intermediaries or allied governments. Industry can be built with economic growth. Currently China is the number one growing economy in the world. It nearly controlled our petroleum supply domestically and failed, so China decided to buy petroleum from Saudi Arabia through German intermediaries. Now our gas prices are going through the roof and stock analysts are saying its some kind of market fluke created by a belief that oil prices will continue to soar. Iron, the main export that I would like to discuss, is five times its original price four years ago when China started buying up the world’s supply of raw iron. Right now, they are using this iron to create cranes and other machinery to export to the US and other nations, but most of the iron is being stockpiled in China for future use. What future use? We can only speculate. Why would China stockpile their ever-increasing supply of iron and still buy more, regardless of the price (literally)? What big plans do they have for such an immense stockpile of iron? Aren’t bullets, guns, factories, and tanks made out of iron? Absolutely, here is a piece of an article on the Chinese economy. “In recent years China’s booming economy, fueled by large inflows of foreign direct investment (FDI) and rapid export growth, has emerged as a significant force in the global economy. This year, China surpassed the United States as the world’s largest recipient of FDI, and its bilateral trade surplus with the United States reached $117 billion in the 12 months up through August 2003. Both inward investment and export growth create strong demand for China’s currency, the Yuan. All things being equal, such demand pressures should cause the Yuan to appreciate relative to the U. S. dollar and cause China’s external position to return to balance. ”3Since China is the number one growing economy on the planet, they also have the number one growing currency relative to the US and other nations. Everyday China is become more industrialized. They used to be a purely state controlled economy, but they are starting to develop into more of a free economy in some areas. Overall, they are not shutting down as many businesses that do not pay the government officials regular bribes, which is definitely a move in the right direction. The US wants to encourage free trade with China because of their enormous population. This means that US companies would have access to a huge new market of consumers. It also means improving the quality of life in China. It is also widely known that many native Chinese women perform acts of prostitution or marry solely to support their family. It is also common in China to see people walking barefoot because they cannot afford sandals, or seeing people including children who are starving. China also has more than 300 organized crime syndicates with a history that goes back to the Shaolin Monks. China is a desperate nation, so desperate that they engage in foreign currency scams to inflate the value of the Renminbi (pronounced Yuan). In 2000, the exchange rate was 8. 3 Yuan per U. S. dollar. Today, the exchange rate is 7. 6 Yuan per US dollar. Here is the second piece of the article above. “But all things are not equal: China pegs the Yuan to the dollar at a fixed rate and strictly regulates imports and the allocation of foreign exchange. In order to maintain the Yuan’s fixed value, China must create a residual supply of Yuan to counter growing demand for its currency; China achieves this by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP). ”4“How should the United States respond? On nine occasions between 1988 and 1992, the U. S. Treasury found that similar external surpluses accompanied by much smaller accumulation of foreign reserves constituted evidence that countries—including China—were manipulating their currency’s value for competitive trade advantage. When such a finding is made, U. S. law requires the Treasury Secretary to undertake negotiations to end such manipulation. Current evidence indicates that China is engaged in just such a manipulation of the Yuan for competitive gain. ”5Today, foreign “investment, combined with China’s swelling export earnings, have pushed the country’s foreign exchange reserves beyond $600 billion”. 6 One thing that I learned from experience is that desperate people and people that try to steal from others generally cannot be trusted. This is why, among all the other evidence I provided above, I do not think we should let the Chinese government do whatever they want. They should not have a majority of the world’s iron, petroleum or our country’s economic and physical security in the palm of their hands. What good are tanks and supply trucks that do not have gas? This may seem silly today, because we are not at war with China. In support of this opinion, many nations like Japan learned long ago that warfare in the physical sense is foolish and destructive, because it diminishes the productive capacity of the nation unless they can build new factories just as fast as their enemies can blow them up. Today, the real modern warfare is economics. If China shuts down U. S. companies that depend on buying iron at a certain price in order to earn a profit after U. S. labor costs, then they take our market share and our productive capacity depends on whether China will sell us what we need. Prices are good today because Chinese labor costs are low, but it will not stay that way according to economic theory. Eventually the FDI, which exceeds our nation, will create even more jobs and economic prosperity in China. The end-result will increase wages, and hopefully it will improve working conditions. However, if China does not sell to us anymore and they do the same bullying routine in other international markets, then we could be at a serious economic and military disadvantage. Should we trust China and believe that they want to change for the better? Here is an article that may shed some light on that question. “China wants to suspend human rights talks with the United States. The news came after Washington said yesterday that it will condemn Beijing’s serious violations with a resolution at the UN Human Rights Commission currently underway in Geneva. The Chinese foreign minister called the action taken by the Americans a ‘serous meddling in China’s internal affairs. ’ China’s Vice Foreign7 Minister said the ‘clash intentionally provoked by the United States has now seriously damaged any basis for dialog and discussion on human rights issues between both countries. China must immediately suspend talks and discussion. ’ Yesterday, US State Department spokesperson, Richard Boucher, expressed the American government’s disappointment with Beijing’s inadequacies in improving human rights conditions in the country, after commitments it undertook in 2002 and 2003. Boucher also stressed Washington’s concern about ‘backward steps’ being taken by China, as reported in the American government’s world human rights report released last Feb. Last year the United States asked for a resolution, stating that Beijing had made limited, though significant progress in the sphere of human rights. The resolution was presented each year after the brutal repression of the student protestors in Tiananmen Square in June 1989. This year various human rights organizations, like Human Rights Watch, asked that the United States to put back a motion to blacklist Beijing. Even American trade union representatives requested that their government condemn China for the way it trades its labor force. Meanwhile Amnesty International called for a moratorium on the death penalty on China, reporting that the Chinese legal system does not guarantee fair trials and often punishes innocent persons. Yesterday the AI published a report titled ‘Executed according to law?’ ‘The report was released following statements made by a member of Chinese Parliament who said that every year there are at least 10,000 people sentenced to death in China 5 times more than all cases of capital punishment registered worldwide’. ”8The Chinese people are very much like our own with the exception that they communicate more through context and women are not valued very highly in their society. They also have four different cooking styles based on the four different regions. They speak different languages in each region, and they have a wide array of different traditions based on the former cultures that lived there before. China does not tolerate freedom of speech and they frequently kill anyone who is suspected on saying negative things about the current government. There is no defense orfair trial, and basic human rights are not valued by their government. Their economy is state controlled, but they are slowly changing into a free enterprise economy. I think that trading with China is mutually beneficial as long as they are not buying up significant amounts of raw materials that affect our national security. After the “911 attacks on New York and the Pentagon”, security measures at the ports are very strict in the US. 9 The Port of Tacoma and the Port of Seattle have cameras, tall fences, and security personal strategically placed. They also conduct more customs inspections than before, and canines are commonly used to find people and contraband. The US also has a satellite system that detects nuclear radiation, infrared (heat signatures), records and filters every electronic conversation in the US, and video records the activities of the world’s ports. They also pay very close attention to refrigerated and abnormally heavy containers for biological weapons and shielded nuclear material. China does not perform any significant security measures other than custom inspections accompanied by armed guards. Custom inspectors frequently accept bribes to expedite export and import processing, which creates a huge delay for companies who did not pay bribes or paid less. Dogs are also used for detecting contraband, but they use german sheppards instead of beagles. German sheppards are know to be effective in chasing down people and enforcing security. However, beagles have two hundred times the ability to smell contraband. This means that their port security is seriously lacking unless they physically inspect every crate, which they do not normally do whenever a bribe is taken to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload containers off the ships. They purchased scrap iron from suppliers in Washington State, melted the iron down, manufactured the cranes, and sold them back to us for less than domestic companies could make them. Inventories of iron are currently state managed and exceed “70% of iron imports internationally”. 10 US laws regarding customs are identified as governing security measures domestically. Otherwise, maritime laws apply to shipments. The political ramifications of cutting off certain resources to China will make them an enemy. In order for the US to be effective at cutting off the massive purchasing campaign of iron by China, it will need allies who are all the current trading partners to do the same thing. However, this would also make them enemies of China, and suppliers are becoming very wealthy by selling their raw materials for a higher price to China. This means that international trading partners must have a significant reason to cut China off or limit them other than the US’s economic prosperity. Culturally we also have to consider that the Chinese want a better life, and they want independence. It is unlikely that the US will be able to push the Chinese government into giving their people human rights without completely replacing their government or waiting a significant number of years for their human rights policies to catch up with the rest of the civilized countries in the world. Geographically, China has taken over Hong Kong, which is the largest shipping location of Chinese imports and exports. The decision of the Chinese government to take over Hong Kong assures their ability to distribute goods internationally without major changes in worldwide distribution. Economically, we must understand that China has a lot to offer in terms of cheap labor and outsourcing, but it may come with a steep cost in the near future. Letters of credit are guaranteed by international banks in Malaysia and China based on current deposits. This insures payment on receipt of goods for both imports and exports. The global marketing process for government contracts is the same as it is in the US. Foreign bidders are required to send a proposal to the government authority issuing the contract. Whether they choose to buy or not from a foreign source is a balance between price driven economics and supporting local companies. China has no restrictions on the treatment of their employees, the ages of workers, the hours they work, the healthcare of employees or their working conditions. US employers must abide by laws concerning the treatment of minors, paying overtime, paying wages, paying health and unemployment benefits, discrimination, etc. Foreign investment in China is carefully controlled in specific sectors and industries. Foreign investment in the US is allowed as long as it does not negatively impact our national security. This is why the US government stopped China from purchasing a controlling position in the U. S. ’s primary oil supplier. However, it is almost a guarantee that they will try again. If you choose to do business in China, please carefully consider the implications of your actions. Making a great profit is very important, but it can never come at the expense of our lives, the lives of our children or the world’s stability and security. I think the world has a great opportunity everyday to change for the greater good, maybe our enemies will decide that building a better world for everyone is better than petty arguments over land, money and religion. BibliographyFlannery, Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China Ends Fixed-Rate Currency. Washington DC: Washington Post, 2005Hersh, Adam S. China’s currency manipulation and U. S. trade. Washington, DC: Economic Policy Institute, 2003http://www. epinet. org/content. cfm/webfeatures_snapshots_archive_10302003seHill, Charles W. L. Global Business Today 5th Edition. New York, NY: McGraw-Hill Irwin, 2008R. , M. Beijing suspends human rights talks with United States. Geneva: Asia News, 2004 http://www. asianews. it/view4print. php?l=en&art=524

Many people believe that the commodity trade is mutually beneficial between countries. The U.S. economy depends on the global advantage, and we understand the advantage of using the market for cheap labor to foreign countries through FDI. But what happens when a company financed by the state in China is buying strategic materials such as iron and oil. I'm not just talking about an even higher percentage, I mean "more than 90% of crude supplies in the world of iron and complete control of U.S. oil supply. 1 Fortunately, the U.S. government has realized what they were doing and made it illegal for another county to buy a controlling stake in oil supplies from the United States. On a side note, was only five years since the North Korean government has funded a large plant to produce billions of U.S. dollars counterfeit currency. Everyone knows that U.S. military forces are superior to any other country, but one thing that we do not. China has a population "of 87 million dollars more than most European nations. 2 Many of these people live in less fortunate circumstances. You might even think they prefer a better life, and the head of the law might encourage them to do so at the expense of other nations. We are very numbered, making more than our military? The answer is technology, industry, oil and iron. Technology is always either for sale or can be obtained through espionage. China can buy the same level of technology intermediaries or government allies. The industry can be built with economic growth. Currently, China is the growing number in the world economy. She almost controlled the supply of oil in the country and not, China has decided to buy oil from Saudi Arabia through German mediation. Now, our gas prices are being carried out through the roof and analysts say its some kind of fluke of the market created by the conviction that oil prices continue to soar. Iron, the main export product I wish to address, is five times its original price four years ago, when China started buying the global supply of iron. For now, the iron is used to create the cranes and other machinery for export to the United States and other nations, but most of the iron is stored for future use in China. What future? We can only speculate. Why China stocks steadily increased the supply of iron and buy more, regardless of the price (literally)? What are the main projects that have a large reserve of iron? Not with bullets, weapons, plants and iron deposits? Of course, here is an excerpt from an article on the Chinese economy. "In recent years the Chinese economy booming, driven by strong inflows of foreign direct investment (FDI) and the rapid growth of exports has become a major force in the global economy. This year, China overtook the U.S. as the largest recipient of FDI, and its bilateral trade surplus with the United States reached 117 billion dollars over the 12 months preceding the month of August 2003. Both foreign investment and export growth created strong demand for China's currency, the yuan. All things being equal, the demand pressures should make the yuan appreciate against the U.S. dollar and the cause of China's position to return to equilibrium. "3Since China is a growing economy on the planet, also have a growing currency against the United States and other nations. China every day has become more industrialized. They used to be purely a state-controlled economy, but begin to develop more of a free economy in some areas. In general, did not stop as many companies do not pay regular bribes of government officials, which is definitely a step in the right direction. The United States wants to encourage free trade with China because of its huge population. This means that U.S. companies could have access to a huge new consumer market. It also means improving the quality of life in China. It is also widely accepted that many women native to China of engaging in prostitution or marriage only to support their families. China is also common to see people walking barefoot sandals because they can not afford, or see people, including children who die of hunger. China also has more than 300 organized crime syndicates with a history dating back to the Shaolin monks. China is a nation desperate, so desperate that engage in foreign currency scams to inflate the value of the renminbi (yuan pronounced). In 2000, the exchange rate was 8. 3 yuan per dollar U. S.. Today, the exchange rate is 7. 6 yuan for one U.S. dollar. This is the second part of the previous article. "But all things are not equal: China pegs the yuan to the dollar at a fixed rate and strictly regulate the import and foreign exchange allocation. To maintain the fixed value of the yuan, China should create a residual supply of yuan to fight the growing demand for its currency, China achieved by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China has more than doubled its reserves of $ 168 million (16% of GDP) to $ 361 million (31% of GDP). "4" How do the U.S.? On nine occasions between 1988 and 1992, the U.S. Treasury has shown that even the external surpluses accompanied by the accumulation of foreign reserves, much less evidence that countries like China, were manipulating its currency for a competitive commercial advantage. When making this determination, the right of U.S. requires the Secretary of the Treasury to carry out negotiations to end the manipulation. Current data indicates that China is engaged in such manipulation of the yuan to win the competition. "5Today, foreign" investment, combined with increased export earnings from China, have boosted the country's foreign exchange reserves over 600 million dollars. "6 One thing I learned from experience is that people are desperate people trying to steal another in general can not be trusted. Therefore, among all the other evidence provided above, I do not think we should let the Chinese government does what he wants. They should have a majority of the world iron, oil or physical and economic security of our country in the palm of their hands. What are the good and the tankers that deliver the gas? This may seem ridiculous now, because we are not at war with China. In support of this view, many countries including Japan, have learned much since the war in the physical sense, is stupid and destructive, as it reduces the productive capacity of the nation, unless they can build new plants as fast as their enemies , you can jump to. Today, modern warfare is the real economy. If China stops U.S. companies depending on the purchase of iron at a specific price for a profit after U.S. labor costs, then they take our market share and our production capacity depends on whether China will sell us what we need. The prices are good, because today China labor costs are low, but will not stay so, according to economic theory. Finally, foreign direct investment, exceeding our nation, create more jobs and economic prosperity in China. The end result is an increase of wages, and we hope to improve working conditions. However, if China does not sell us more and do the same routine intimidation in other international markets, then we could be in a serious disadvantage economically and militarily. China must trust and believe that they want change for the better? Here is an article that may shed some light on this issue. "China wants to suspend talks on human rights with the United States. The news came after Washington said yesterday that condemn the serious violations of Beijing with a resolution of the Human Rights Commission United Nations is currently meeting in Geneva. Chinese Minister of Foreign Affairs has requested that the measures taken by the Americans, "serous, an intervention in the internal affairs of China. "Chinese Vice Foreign7 said the shock caused voluntarily by the United States has seriously damaged the basis for dialogue and debate on the issues of human rights between the two countries. China must immediately suspend the negotiations and discussions. "Yesterday, a spokesman for the U. S. Department of State, Richard Boucher, has expressed his disappointment with the U.S. government deficiencies in Beijing to improve human rights conditions in the country, following the commitments it had adopted in 2002 and 2003. Boucher also stressed Washington's concern about "backward step" being taken by China, as reported in the world, the U.S. government in human rights report published last February in the U.S. last year Kingdom has requested a resolution saying that Beijing had made limited progress but important in the field of human rights. The resolution had been submitted each year after the brutal crackdown on demonstrators in Tiananmen Square in June 1989. This year, several human rights organizations as Human Rights Watch, called the United States to file a motion for Beijing's blacklist. Even representatives of U.S. unions have asked their government to condemn China for the way it markets its workforce. Meanwhile, Amnesty International has called a moratorium on the death penalty in China, reports that the Chinese legal system does not guarantee a fair trial and often punishes innocent people. Yesterday, Amnesty International published a report "carried out in accordance with the law?" The report was published after the statements made by a Chinese member of parliament said that every year there are at least 10,000 people sentenced to death in China 5 times more than all capital cases registered throughout the world. "8The Chinese people are very similar to ours, except that they communicate more with the background and women are not highly valued in society. They also have four different styles of cuisine from the four different regions. They speak different languages in each region, and have a wide range of different traditions based on ancient cultures that lived there before. China does not tolerate freedom of expression and that often kill anyone suspected of saying negative things about the current government. No Orfao trial defense, and basic human rights are not valued by their government. Its economy is controlled by the state, but gradually moving towards a free enterprise economy. I think that trade with China is mutually beneficial, since they do not buy large quantities of raw materials that affect our national security. After the "911 attacks on New York and the Pentagon," security measures in ports are very strict in the United States. 9 The Port of Tacoma and the Port of Seattle have cameras, high fences and security personnel strategically located. They also carry out customs controls more than before, and dogs are commonly used to find people and contraband. The United States also has a satellite system that detects nuclear radiation, infrared (heat signature), folders and filters for all the chats in the United States, and video recordings of the activities of ports. Also pay attention to the refrigerated and abnormally heavy for biological weapons and to protect nuclear materials. China does not meet any of the important security measures that are not personal checks accompanied by armed guards. Custom inspectors often accept bribes to speed up the process of import and export, creating a huge delay for companies that do not pay bribes or pay less. Dogs also are used to detect contraband, but they use German Shepherds instead of hounds. German Shepherds are known to be effective for hunting people and enforce security. However, the hounds were two hundred times the traffic capacity of smell. This means that port security is very poor, unless you physically check each box, which normally do not when taking a bribe to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload the containers from the ship. They bought the scrap from providers in Washington state, iron is melted down, cranes, and then sell them to us that domestic companies could do. Inventories of iron status is currently managed and overcome "70% of imports of iron at the international level. 10 laws in the U.S. in customs governing themselves as security measures at home. Otherwise, the maritime law applicable to transfers. The political ramifications of reducing some resources to make China an enemy. For the United States to be effective in reducing iron from the country massive purchase by China, need allies, which are all ongoing business partners to do the same. However, it should also make the enemies of China, and the providers are getting rich by selling their products at a higher price to China. This means that international trading partners should be an important reason for China to cut one or the other limit that economic prosperity of the United States. Culturally, we must also think that the Chinese want a better life and they want independence. It is unlikely that the U.S. be able to push the Chinese government for giving people their human rights without completely replacing their government or expect that a significant number of years for their political rights of man to take the rest of the civilized countries of the world. Geographically, China took over Hong Kong, which is the first site of shipment of imports and exports in China. The Chinese government's decision to take in Hong Kong offers the possibility of distributing goods abroad without major changes in the distribution. Economically, we must understand that China has much to offer in terms of cheap labor and outsourcing, but that can come with a cost very marked the near future. Letters of credit are guaranteed by international banks in Malaysia and China, based on current deposits. This guarantees payment to the receipt of goods for imports and exports. The process of placing on the world market for government contracts is the same as in the United States. Foreign bidders are required to submit a proposal to government authority awarding the contract. If you decide to buy or not from a foreign source is a balance between price leads the economy and support local businesses. China has no restrictions on the treatment of its employees, the age of the workers, the number of hours they work, the health care workers or their working conditions. U.S. Employers must comply with laws on the treatment of minors, giving overtime, payment of wages, payment of health care and unemployment compensation, discrimination, etc. Foreign investment in China is carefully controlled in some sectors and industries . Foreign Investment in the United States is permitted until it has a material adverse effect on our national security. Therefore, the U.S. government China has stopped the purchase of a controlling position in the U.S. 's main oil supplier. However, it is almost a guarantee that try again. If you choose to do business in China, please consider carefully the consequences of their actions. Making a big win is very important, but it can be detrimental to our lives, the lives of our children or for the stability and security. I think the world has an opportunity every day of great change for the greater good, perhaps our enemies are going to decide that building a better world for all is better than the arguments on the early Earth money and religion. BibliographyFlannery Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China's fixed currency Fin. Washington, DC: The Washington Post, 2005Hersh, Adam S. China 's monetary manipulations and U.S. trade. Washington, DC: Economic Policy Institute, 2003http: / / www. Spruce. org / content. , Cfm/webfeatures_snapshots_archive_10302003seHill Charles WL Global Business 5th edition today. New York, NY: McGraw-Hill Irwin, 2008r. Lord of the Beijing suspends human rights talks with the United States. Geneva: Asia News, 2004 http://www. AsiaNews. it/view4print. php? l = en & art = 524

Many people believe that the commodity trade is mutually beneficial between countries. The U.S. economy depends on the global advantage, and we understand the advantage of using the market for cheap labor to foreign countries through FDI. But what happens when a company financed by the state in China is buying strategic materials such as iron and oil. I'm not just talking about an even higher percentage, I mean "more than 90% of crude supplies in the world of iron and complete control of U.S. oil supply. 1 Fortunately, the U.S. government has realized what they were doing and made it illegal for another county to buy a controlling stake in oil supplies from the United States. On a side note, was only five years since the North Korean government has funded a large plant to produce billions of U.S. dollars counterfeit currency. Everyone knows that U.S. military forces are superior to any other country, but one thing that we do not. China has a population "of 87 million dollars more than most European nations. 2 Many of these people live in less fortunate circumstances. You might even think they prefer a better life, and the head of the law might encourage them to do so at the expense of other nations. We are very numbered, making more than our military? The answer is technology, industry, oil and iron. Technology is always either for sale or can be obtained through espionage. China can buy the same level of technology intermediaries or government allies. The industry can be built with economic growth. Currently, China is the growing number in the world economy. She almost controlled the supply of oil in the country and not, China has decided to buy oil from Saudi Arabia through German mediation. Now, our gas prices are being carried out through the roof and analysts say its some kind of fluke of the market created by the conviction that oil prices continue to soar. Iron, the main export product I wish to address, is five times its original price four years ago, when China started buying the global supply of iron. For now, the iron is used to create the cranes and other machinery for export to the United States and other nations, but most of the iron is stored for future use in China. What future? We can only speculate. Why China stocks steadily increased the supply of iron and buy more, regardless of the price (literally)? What are the main projects that have a large reserve of iron? Not with bullets, weapons, plants and iron deposits? Of course, here is an excerpt from an article on the Chinese economy. "In recent years the Chinese economy booming, driven by strong inflows of foreign direct investment (FDI) and the rapid growth of exports has become a major force in the global economy. This year, China overtook the U.S. as the largest recipient of FDI, and its bilateral trade surplus with the United States reached 117 billion dollars over the 12 months preceding the month of August 2003. Both foreign investment and export growth created strong demand for China's currency, the yuan. All things being equal, the demand pressures should make the yuan appreciate against the U.S. dollar and the cause of China's position to return to equilibrium. "3Since China is a growing economy on the planet, also have a growing currency against the United States and other nations. China every day has become more industrialized. They used to be purely a state-controlled economy, but begin to develop more of a free economy in some areas. In general, did not stop as many companies do not pay regular bribes of government officials, which is definitely a step in the right direction. The United States wants to encourage free trade with China because of its huge population. This means that U.S. companies could have access to a huge new consumer market. It also means improving the quality of life in China. It is also widely accepted that many women native to China of engaging in prostitution or marriage only to support their families. China is also common to see people walking barefoot sandals because they can not afford, or see people, including children who die of hunger. China also has more than 300 organized crime syndicates with a history dating back to the Shaolin monks. China is a nation desperate, so desperate that engage in foreign currency scams to inflate the value of the renminbi (yuan pronounced). In 2000, the exchange rate was 8. 3 yuan per dollar U. S.. Today, the exchange rate is 7. 6 yuan for one U.S. dollar. This is the second part of the previous article. "But all things are not equal: China pegs the yuan to the dollar at a fixed rate and strictly regulate the import and foreign exchange allocation. To maintain the fixed value of the yuan, China should create a residual supply of yuan to fight the growing demand for its currency, China achieved by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China has more than doubled its reserves of $ 168 million (16% of GDP) to $ 361 million (31% of GDP). "4" How do the U.S.? On nine occasions between 1988 and 1992, the U.S. Treasury has shown that even the external surpluses accompanied by the accumulation of foreign reserves, much less evidence that countries like China, were manipulating its currency for a competitive commercial advantage. When making this determination, the right of U.S. requires the Secretary of the Treasury to carry out negotiations to end the manipulation. Current data indicates that China is engaged in such manipulation of the yuan to win the competition. "5Today, foreign" investment, combined with increased export earnings from China, have boosted the country's foreign exchange reserves over 600 million dollars. "6 One thing I learned from experience is that people are desperate people trying to steal another in general can not be trusted. Therefore, among all the other evidence provided above, I do not think we should let the Chinese government does what he wants. They should have a majority of the world iron, oil or physical and economic security of our country in the palm of their hands. What are the good and the tankers that deliver the gas? This may seem ridiculous now, because we are not at war with China. In support of this view, many countries including Japan, have learned much since the war in the physical sense, is stupid and destructive, as it reduces the productive capacity of the nation, unless they can build new plants as fast as their enemies , you can jump to. Today, modern warfare is the real economy. If China stops U.S. companies depending on the purchase of iron at a specific price for a profit after U.S. labor costs, then they take our market share and our production capacity depends on whether China will sell us what we need. The prices are good, because today China labor costs are low, but will not stay so, according to economic theory. Finally, foreign direct investment, exceeding our nation, create more jobs and economic prosperity in China. The end result is an increase of wages, and we hope to improve working conditions. However, if China does not sell us more and do the same routine intimidation in other international markets, then we could be in a serious disadvantage economically and militarily. China must trust and believe that they want change for the better? Here is an article that may shed some light on this issue. "China wants to suspend talks on human rights with the United States. The news came after Washington said yesterday that condemn the serious violations of Beijing with a resolution of the Human Rights Commission United Nations is currently meeting in Geneva. Chinese Minister of Foreign Affairs has requested that the measures taken by the Americans, "serous, an intervention in the internal affairs of China. "Chinese Vice Foreign7 said the shock caused voluntarily by the United States has seriously damaged the basis for dialogue and debate on the issues of human rights between the two countries. China must immediately suspend the negotiations and discussions. "Yesterday, a spokesman for the U. S. Department of State, Richard Boucher, has expressed his disappointment with the U.S. government deficiencies in Beijing to improve human rights conditions in the country, following the commitments it had adopted in 2002 and 2003. Boucher also stressed Washington's concern about "backward step" being taken by China, as reported in the world, the U.S. government in human rights report published last February in the U.S. last year Kingdom has requested a resolution saying that Beijing had made limited progress but important in the field of human rights. The resolution had been submitted each year after the brutal crackdown on demonstrators in Tiananmen Square in June 1989. This year, several human rights organizations as Human Rights Watch, called the United States to file a motion for Beijing's blacklist. Even representatives of U.S. unions have asked their government to condemn China for the way it markets its workforce. Meanwhile, Amnesty International has called a moratorium on the death penalty in China, reports that the Chinese legal system does not guarantee a fair trial and often punishes innocent people. Yesterday, Amnesty International published a report "carried out in accordance with the law?" The report was published after the statements made by a Chinese member of parliament said that every year there are at least 10,000 people sentenced to death in China 5 times more than all capital cases registered throughout the world. "8The Chinese people are very similar to ours, except that they communicate more with the background and women are not highly valued in society. They also have four different styles of cuisine from the four different regions. They speak different languages in each region, and have a wide range of different traditions based on ancient cultures that lived there before. China does not tolerate freedom of expression and that often kill anyone suspected of saying negative things about the current government. No Orfao trial defense, and basic human rights are not valued by their government. Its economy is controlled by the state, but gradually moving towards a free enterprise economy. I think that trade with China is mutually beneficial, since they do not buy large quantities of raw materials that affect our national security. After the "911 attacks on New York and the Pentagon," security measures in ports are very strict in the United States. 9 The Port of Tacoma and the Port of Seattle have cameras, high fences and security personnel strategically located. They also carry out customs controls more than before, and dogs are commonly used to find people and contraband. The United States also has a satellite system that detects nuclear radiation, infrared (heat signature), folders and filters for all the chats in the United States, and video recordings of the activities of ports. Also pay attention to the refrigerated and abnormally heavy for biological weapons and to protect nuclear materials. China does not meet any of the important security measures that are not personal checks accompanied by armed guards. Custom inspectors often accept bribes to speed up the process of import and export, creating a huge delay for companies that do not pay bribes or pay less. Dogs also are used to detect contraband, but they use German Shepherds instead of hounds. German Shepherds are known to be effective for hunting people and enforce security. However, the hounds were two hundred times the traffic capacity of smell. This means that port security is very poor, unless you physically check each box, which normally do not when taking a bribe to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload the containers from the ship. They bought the scrap from providers in Washington state, iron is melted down, cranes, and then sell them to us that domestic companies could do. Inventories of iron status is currently managed and overcome "70% of imports of iron at the international level. 10 laws in the U.S. in customs governing themselves as security measures at home. Otherwise, the maritime law applicable to transfers. The political ramifications of reducing some resources to make China an enemy. For the United States to be effective in reducing iron from the country massive purchase by China, need allies, which are all ongoing business partners to do the same. However, it should also make the enemies of China, and the providers are getting rich by selling their products at a higher price to China. This means that international trading partners should be an important reason for China to cut one or the other limit that economic prosperity of the United States. Culturally, we must also think that the Chinese want a better life and they want independence. It is unlikely that the U.S. be able to push the Chinese government for giving people their human rights without completely replacing their government or expect that a significant number of years for their political rights of man to take the rest of the civilized countries of the world. Geographically, China took over Hong Kong, which is the first site of shipment of imports and exports in China. The Chinese government's decision to take in Hong Kong offers the possibility of distributing goods abroad without major changes in the distribution. Economically, we must understand that China has much to offer in terms of cheap labor and outsourcing, but that can come with a cost very marked the near future. Letters of credit are guaranteed by international banks in Malaysia and China, based on current deposits. This guarantees payment to the receipt of goods for imports and exports. The process of placing on the world market for government contracts is the same as in the United States. Foreign bidders are required to submit a proposal to government authority awarding the contract. If you decide to buy or not from a foreign source is a balance between price leads the economy and support local businesses. China has no restrictions on the treatment of its employees, the age of the workers, the number of hours they work, the health care workers or their working conditions. U.S. Employers must comply with laws on the treatment of minors, giving overtime, payment of wages, payment of health care and unemployment compensation, discrimination, etc. Foreign investment in China is carefully controlled in some sectors and industries . Foreign Investment in the United States is permitted until it has a material adverse effect on our national security. Therefore, the U.S. government China has stopped the purchase of a controlling position in the U.S. 's main oil supplier. However, it is almost a guarantee that try again. If you choose to do business in China, please consider carefully the consequences of their actions. Making a big win is very important, but it can be detrimental to our lives, the lives of our children or for the stability and security. I think the world has an opportunity every day of great change for the greater good, perhaps our enemies are going to decide that building a better world for all is better than the arguments on the early Earth money and religion. BibliographyFlannery Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China's fixed currency Fin. Washington, DC: The Washington Post, 2005Hersh, Adam S. China 's monetary manipulations and U.S. trade. Washington, DC: Economic Policy Institute, 2003http: / / www. Spruce. org / content. , Cfm/webfeatures_snapshots_archive_10302003seHill Charles WL Global Business 5th edition today. New York, NY: McGraw-Hill Irwin, 2008r. Lord of the Beijing suspends human rights talks with the United States. Geneva: Asia News, 2004 http://www. AsiaNews. it/view4print. php? l = en & art = 524

Many people believe that the commodity trade is mutually beneficial between countries. The U.S. economy depends on the global advantage, and we understand the advantage of using the market for cheap labor to foreign countries through FDI. But what happens when a company financed by the state in China is buying strategic materials such as iron and oil. I'm not just talking about an even higher percentage, I mean "more than 90% of crude supplies in the world of iron and complete control of U.S. oil supply. 1 Fortunately, the U.S. government has realized what they were doing and made it illegal for another county to buy a controlling stake in oil supplies from the United States. On a side note, was only five years since the North Korean government has funded a large plant to produce billions of U.S. dollars counterfeit currency. Everyone knows that U.S. military forces are superior to any other country, but one thing that we do not. China has a population "of 87 million dollars more than most European nations. 2 Many of these people live in less fortunate circumstances. You might even think they prefer a better life, and the head of the law might encourage them to do so at the expense of other nations. We are very numbered, making more than our military? The answer is technology, industry, oil and iron. Technology is always either for sale or can be obtained through espionage. China can buy the same level of technology intermediaries or government allies. The industry can be built with economic growth. Currently, China is the growing number in the world economy. She almost controlled the supply of oil in the country and not, China has decided to buy oil from Saudi Arabia through German mediation. Now, our gas prices are being carried out through the roof and analysts say its some kind of fluke of the market created by the conviction that oil prices continue to soar. Iron, the main export product I wish to address, is five times its original price four years ago, when China started buying the global supply of iron. For now, the iron is used to create the cranes and other machinery for export to the United States and other nations, but most of the iron is stored for future use in China. What future? We can only speculate. Why China stocks steadily increased the supply of iron and buy more, regardless of the price (literally)? What are the main projects that have a large reserve of iron? Not with bullets, weapons, plants and iron deposits? Of course, here is an excerpt from an article on the Chinese economy. "In recent years the Chinese economy booming, driven by strong inflows of foreign direct investment (FDI) and the rapid growth of exports has become a major force in the global economy. This year, China overtook the U.S. as the largest recipient of FDI, and its bilateral trade surplus with the United States reached 117 billion dollars over the 12 months preceding the month of August 2003. Both foreign investment and export growth created strong demand for China's currency, the yuan. All things being equal, the demand pressures should make the yuan appreciate against the U.S. dollar and the cause of China's position to return to equilibrium. "3Since China is a growing economy on the planet, also have a growing currency against the United States and other nations. China every day has become more industrialized. They used to be purely a state-controlled economy, but begin to develop more of a free economy in some areas. In general, did not stop as many companies do not pay regular bribes of government officials, which is definitely a step in the right direction. The United States wants to encourage free trade with China because of its huge population. This means that U.S. companies could have access to a huge new consumer market. It also means improving the quality of life in China. It is also widely accepted that many women native to China of engaging in prostitution or marriage only to support their families. China is also common to see people walking barefoot sandals because they can not afford, or see people, including children who die of hunger. China also has more than 300 organized crime syndicates with a history dating back to the Shaolin monks. China is a nation desperate, so desperate that engage in foreign currency scams to inflate the value of the renminbi (yuan pronounced). In 2000, the exchange rate was 8. 3 yuan per dollar U. S.. Today, the exchange rate is 7. 6 yuan for one U.S. dollar. This is the second part of the previous article. "But all things are not equal: China pegs the yuan to the dollar at a fixed rate and strictly regulate the import and foreign exchange allocation. To maintain the fixed value of the yuan, China should create a residual supply of yuan to fight the growing demand for its currency, China achieved by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China has more than doubled its reserves of $ 168 million (16% of GDP) to $ 361 million (31% of GDP). "4" How do the U.S.? On nine occasions between 1988 and 1992, the U.S. Treasury has shown that even the external surpluses accompanied by the accumulation of foreign reserves, much less evidence that countries like China, were manipulating its currency for a competitive commercial advantage. When making this determination, the right of U.S. requires the Secretary of the Treasury to carry out negotiations to end the manipulation. Current data indicates that China is engaged in such manipulation of the yuan to win the competition. "5Today, foreign" investment, combined with increased export earnings from China, have boosted the country's foreign exchange reserves over 600 million dollars. "6 One thing I learned from experience is that people are desperate people trying to steal another in general can not be trusted. Therefore, among all the other evidence provided above, I do not think we should let the Chinese government does what he wants. They should have a majority of the world iron, oil or physical and economic security of our country in the palm of their hands. What are the good and the tankers that deliver the gas? This may seem ridiculous now, because we are not at war with China. In support of this view, many countries including Japan, have learned much since the war in the physical sense, is stupid and destructive, as it reduces the productive capacity of the nation, unless they can build new plants as fast as their enemies , you can jump to. Today, modern warfare is the real economy. If China stops U.S. companies depending on the purchase of iron at a specific price for a profit after U.S. labor costs, then they take our market share and our production capacity depends on whether China will sell us what we need. The prices are good, because today China labor costs are low, but will not stay so, according to economic theory. Finally, foreign direct investment, exceeding our nation, create more jobs and economic prosperity in China. The end result is an increase of wages, and we hope to improve working conditions. However, if China does not sell us more and do the same routine intimidation in other international markets, then we could be in a serious disadvantage economically and militarily. China must trust and believe that they want change for the better? Here is an article that may shed some light on this issue. "China wants to suspend talks on human rights with the United States. The news came after Washington said yesterday that condemn the serious violations of Beijing with a resolution of the Human Rights Commission United Nations is currently meeting in Geneva. Chinese Minister of Foreign Affairs has requested that the measures taken by the Americans, "serous, an intervention in the internal affairs of China. "Chinese Vice Foreign7 said the shock caused voluntarily by the United States has seriously damaged the basis for dialogue and debate on the issues of human rights between the two countries. China must immediately suspend the negotiations and discussions. "Yesterday, a spokesman for the U. S. Department of State, Richard Boucher, has expressed his disappointment with the U.S. government deficiencies in Beijing to improve human rights conditions in the country, following the commitments it had adopted in 2002 and 2003. Boucher also stressed Washington's concern about "backward step" being taken by China, as reported in the world, the U.S. government in human rights report published last February in the U.S. last year Kingdom has requested a resolution saying that Beijing had made limited progress but important in the field of human rights. The resolution had been submitted each year after the brutal crackdown on demonstrators in Tiananmen Square in June 1989. This year, several human rights organizations as Human Rights Watch, called the United States to file a motion for Beijing's blacklist. Even representatives of U.S. unions have asked their government to condemn China for the way it markets its workforce. Meanwhile, Amnesty International has called a moratorium on the death penalty in China, reports that the Chinese legal system does not guarantee a fair trial and often punishes innocent people. Yesterday, Amnesty International published a report "carried out in accordance with the law?" The report was published after the statements made by a Chinese member of parliament said that every year there are at least 10,000 people sentenced to death in China 5 times more than all capital cases registered throughout the world. "8The Chinese people are very similar to ours, except that they communicate more with the background and women are not highly valued in society. They also have four different styles of cuisine from the four different regions. They speak different languages in each region, and have a wide range of different traditions based on ancient cultures that lived there before. China does not tolerate freedom of expression and that often kill anyone suspected of saying negative things about the current government. No Orfao trial defense, and basic human rights are not valued by their government. Its economy is controlled by the state, but gradually moving towards a free enterprise economy. I think that trade with China is mutually beneficial, since they do not buy large quantities of raw materials that affect our national security. After the "911 attacks on New York and the Pentagon," security measures in ports are very strict in the United States. 9 The Port of Tacoma and the Port of Seattle have cameras, high fences and security personnel strategically located. They also carry out customs controls more than before, and dogs are commonly used to find people and contraband. The United States also has a satellite system that detects nuclear radiation, infrared (heat signature), folders and filters for all the chats in the United States, and video recordings of the activities of ports. Also pay attention to the refrigerated and abnormally heavy for biological weapons and to protect nuclear materials. China does not meet any of the important security measures that are not personal checks accompanied by armed guards. Custom inspectors often accept bribes to speed up the process of import and export, creating a huge delay for companies that do not pay bribes or pay less. Dogs also are used to detect contraband, but they use German Shepherds instead of hounds. German Shepherds are known to be effective for hunting people and enforce security. However, the hounds were two hundred times the traffic capacity of smell. This means that port security is very poor, unless you physically check each box, which normally do not when taking a bribe to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload the containers from the ship. They bought the scrap from providers in Washington state, iron is melted down, cranes, and then sell them to us that domestic companies could do. Inventories of iron status is currently managed and overcome "70% of imports of iron at the international level. 10 laws in the U.S. in customs governing themselves as security measures at home. Otherwise, the maritime law applicable to transfers. The political ramifications of reducing some resources to make China an enemy. For the United States to be effective in reducing iron from the country massive purchase by China, need allies, which are all ongoing business partners to do the same. However, it should also make the enemies of China, and the providers are getting rich by selling their products at a higher price to China. This means that international trading partners should be an important reason for China to cut one or the other limit that economic prosperity of the United States. Culturally, we must also think that the Chinese want a better life and they want independence. It is unlikely that the U.S. be able to push the Chinese government for giving people their human rights without completely replacing their government or expect that a significant number of years for their political rights of man to take the rest of the civilized countries of the world. Geographically, China took over Hong Kong, which is the first site of shipment of imports and exports in China. The Chinese government's decision to take in Hong Kong offers the possibility of distributing goods abroad without major changes in the distribution. Economically, we must understand that China has much to offer in terms of cheap labor and outsourcing, but that can come with a cost very marked the near future. Letters of credit are guaranteed by international banks in Malaysia and China, based on current deposits. This guarantees payment to the receipt of goods for imports and exports. The process of placing on the world market for government contracts is the same as in the United States. Foreign bidders are required to submit a proposal to government authority awarding the contract. If you decide to buy or not from a foreign source is a balance between price leads the economy and support local businesses. China has no restrictions on the treatment of its employees, the age of the workers, the number of hours they work, the health care workers or their working conditions. U.S. Employers must comply with laws on the treatment of minors, giving overtime, payment of wages, payment of health care and unemployment compensation, discrimination, etc. Foreign investment in China is carefully controlled in some sectors and industries . Foreign Investment in the United States is permitted until it has a material adverse effect on our national security. Therefore, the U.S. government China has stopped the purchase of a controlling position in the U.S. 's main oil supplier. However, it is almost a guarantee that try again. If you choose to do business in China, please consider carefully the consequences of their actions. Making a big win is very important, but it can be detrimental to our lives, the lives of our children or for the stability and security. I think the world has an opportunity every day of great change for the greater good, perhaps our enemies are going to decide that building a better world for all is better than the arguments on the early Earth money and religion. BibliographyFlannery Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China's fixed currency Fin. Washington, DC: The Washington Post, 2005Hersh, Adam S. China 's monetary manipulations and U.S. trade. Washington, DC: Economic Policy Institute, 2003http: / / www. Spruce. org / content. , Cfm/webfeatures_snapshots_archive_10302003seHill Charles WL Global Business 5th edition today. New York, NY: McGraw-Hill Irwin, 2008r. Lord of the Beijing suspends human rights talks with the United States. Geneva: Asia News, 2004 http://www. AsiaNews. it/view4print. php? l = en & art = 524

Many people believe that the commodity trade is mutually beneficial between countries. The U.S. economy depends on the global advantage, and we understand the advantage of using the market for cheap labor to foreign countries through FDI. But what happens when a company financed by the state in China is buying strategic materials such as iron and oil. I'm not just talking about an even higher percentage, I mean "more than 90% of crude supplies in the world of iron and complete control of U.S. oil supply. 1 Fortunately, the U.S. government has realized what they were doing and made it illegal for another county to buy a controlling stake in oil supplies from the United States. On a side note, was only five years since the North Korean government has funded a large plant to produce billions of U.S. dollars counterfeit currency. Everyone knows that U.S. military forces are superior to any other country, but one thing that we do not. China has a population "of 87 million dollars more than most European nations. 2 Many of these people live in less fortunate circumstances. You might even think they prefer a better life, and the head of the law might encourage them to do so at the expense of other nations. We are very numbered, making more than our military? The answer is technology, industry, oil and iron. Technology is always either for sale or can be obtained through espionage. China can buy the same level of technology intermediaries or government allies. The industry can be built with economic growth. Currently, China is the growing number in the world economy. She almost controlled the supply of oil in the country and not, China has decided to buy oil from Saudi Arabia through German mediation. Now, our gas prices are being carried out through the roof and analysts say its some kind of fluke of the market created by the conviction that oil prices continue to soar. Iron, the main export product I wish to address, is five times its original price four years ago, when China started buying the global supply of iron. For now, the iron is used to create the cranes and other machinery for export to the United States and other nations, but most of the iron is stored for future use in China. What future? We can only speculate. Why China stocks steadily increased the supply of iron and buy more, regardless of the price (literally)? What are the main projects that have a large reserve of iron? Not with bullets, weapons, plants and iron deposits? Of course, here is an excerpt from an article on the Chinese economy. "In recent years the Chinese economy booming, driven by strong inflows of foreign direct investment (FDI) and the rapid growth of exports has become a major force in the global economy. This year, China overtook the U.S. as the largest recipient of FDI, and its bilateral trade surplus with the United States reached 117 billion dollars over the 12 months preceding the month of August 2003. Both foreign investment and export growth created strong demand for China's currency, the yuan. All things being equal, the demand pressures should make the yuan appreciate against the U.S. dollar and the cause of China's position to return to equilibrium. "3Since China is a growing economy on the planet, also have a growing currency against the United States and other nations. China every day has become more industrialized. They used to be purely a state-controlled economy, but begin to develop more of a free economy in some areas. In general, did not stop as many companies do not pay regular bribes of government officials, which is definitely a step in the right direction. The United States wants to encourage free trade with China because of its huge population. This means that U.S. companies could have access to a huge new consumer market. It also means improving the quality of life in China. It is also widely accepted that many women native to China of engaging in prostitution or marriage only to support their families. China is also common to see people walking barefoot sandals because they can not afford, or see people, including children who die of hunger. China also has more than 300 organized crime syndicates with a history dating back to the Shaolin monks. China is a nation desperate, so desperate that engage in foreign currency scams to inflate the value of the renminbi (yuan pronounced). In 2000, the exchange rate was 8. 3 yuan per dollar U. S.. Today, the exchange rate is 7. 6 yuan for one U.S. dollar. This is the second part of the previous article. "But all things are not equal: China pegs the yuan to the dollar at a fixed rate and strictly regulate the import and foreign exchange allocation. To maintain the fixed value of the yuan, China should create a residual supply of yuan to fight the growing demand for its currency, China achieved by buying dollars in foreign exchange markets. Between December 2000 and July 2003, China has more than doubled its reserves of $ 168 million (16% of GDP) to $ 361 million (31% of GDP). "4" How do the U.S.? On nine occasions between 1988 and 1992, the U.S. Treasury has shown that even the external surpluses accompanied by the accumulation of foreign reserves, much less evidence that countries like China, were manipulating its currency for a competitive commercial advantage. When making this determination, the right of U.S. requires the Secretary of the Treasury to carry out negotiations to end the manipulation. Current data indicates that China is engaged in such manipulation of the yuan to win the competition. "5Today, foreign" investment, combined with increased export earnings from China, have boosted the country's foreign exchange reserves over 600 million dollars. "6 One thing I learned from experience is that people are desperate people trying to steal another in general can not be trusted. Therefore, among all the other evidence provided above, I do not think we should let the Chinese government does what he wants. They should have a majority of the world iron, oil or physical and economic security of our country in the palm of their hands. What are the good and the tankers that deliver the gas? This may seem ridiculous now, because we are not at war with China. In support of this view, many countries including Japan, have learned much since the war in the physical sense, is stupid and destructive, as it reduces the productive capacity of the nation, unless they can build new plants as fast as their enemies , you can jump to. Today, modern warfare is the real economy. If China stops U.S. companies depending on the purchase of iron at a specific price for a profit after U.S. labor costs, then they take our market share and our production capacity depends on whether China will sell us what we need. The prices are good, because today China labor costs are low, but will not stay so, according to economic theory. Finally, foreign direct investment, exceeding our nation, create more jobs and economic prosperity in China. The end result is an increase of wages, and we hope to improve working conditions. However, if China does not sell us more and do the same routine intimidation in other international markets, then we could be in a serious disadvantage economically and militarily. China must trust and believe that they want change for the better? Here is an article that may shed some light on this issue. "China wants to suspend talks on human rights with the United States. The news came after Washington said yesterday that condemn the serious violations of Beijing with a resolution of the Human Rights Commission United Nations is currently meeting in Geneva. Chinese Minister of Foreign Affairs has requested that the measures taken by the Americans, "serous, an intervention in the internal affairs of China. "Chinese Vice Foreign7 said the shock caused voluntarily by the United States has seriously damaged the basis for dialogue and debate on the issues of human rights between the two countries. China must immediately suspend the negotiations and discussions. "Yesterday, a spokesman for the U. S. Department of State, Richard Boucher, has expressed his disappointment with the U.S. government deficiencies in Beijing to improve human rights conditions in the country, following the commitments it had adopted in 2002 and 2003. Boucher also stressed Washington's concern about "backward step" being taken by China, as reported in the world, the U.S. government in human rights report published last February in the U.S. last year Kingdom has requested a resolution saying that Beijing had made limited progress but important in the field of human rights. The resolution had been submitted each year after the brutal crackdown on demonstrators in Tiananmen Square in June 1989. This year, several human rights organizations as Human Rights Watch, called the United States to file a motion for Beijing's blacklist. Even representatives of U.S. unions have asked their government to condemn China for the way it markets its workforce. Meanwhile, Amnesty International has called a moratorium on the death penalty in China, reports that the Chinese legal system does not guarantee a fair trial and often punishes innocent people. Yesterday, Amnesty International published a report "carried out in accordance with the law?" The report was published after the statements made by a Chinese member of parliament said that every year there are at least 10,000 people sentenced to death in China 5 times more than all capital cases registered throughout the world. "8The Chinese people are very similar to ours, except that they communicate more with the background and women are not highly valued in society. They also have four different styles of cuisine from the four different regions. They speak different languages in each region, and have a wide range of different traditions based on ancient cultures that lived there before. China does not tolerate freedom of expression and that often kill anyone suspected of saying negative things about the current government. No Orfao trial defense, and basic human rights are not valued by their government. Its economy is controlled by the state, but gradually moving towards a free enterprise economy. I think that trade with China is mutually beneficial, since they do not buy large quantities of raw materials that affect our national security. After the "911 attacks on New York and the Pentagon," security measures in ports are very strict in the United States. 9 The Port of Tacoma and the Port of Seattle have cameras, high fences and security personnel strategically located. They also carry out customs controls more than before, and dogs are commonly used to find people and contraband. The United States also has a satellite system that detects nuclear radiation, infrared (heat signature), folders and filters for all the chats in the United States, and video recordings of the activities of ports. Also pay attention to the refrigerated and abnormally heavy for biological weapons and to protect nuclear materials. China does not meet any of the important security measures that are not personal checks accompanied by armed guards. Custom inspectors often accept bribes to speed up the process of import and export, creating a huge delay for companies that do not pay bribes or pay less. Dogs also are used to detect contraband, but they use German Shepherds instead of hounds. German Shepherds are known to be effective for hunting people and enforce security. However, the hounds were two hundred times the traffic capacity of smell. This means that port security is very poor, unless you physically check each box, which normally do not when taking a bribe to expedite the customs process. Recently, the Port of Tacoma purchased three cranes from China to unload the containers from the ship. They bought the scrap from providers in Washington state, iron is melted down, cranes, and then sell them to us that domestic companies could do. Inventories of iron status is currently managed and overcome "70% of imports of iron at the international level. 10 laws in the U.S. in customs governing themselves as security measures at home. Otherwise, the maritime law applicable to transfers. The political ramifications of reducing some resources to make China an enemy. For the United States to be effective in reducing iron from the country massive purchase by China, need allies, which are all ongoing business partners to do the same. However, it should also make the enemies of China, and the providers are getting rich by selling their products at a higher price to China. This means that international trading partners should be an important reason for China to cut one or the other limit that economic prosperity of the United States. Culturally, we must also think that the Chinese want a better life and they want independence. It is unlikely that the U.S. be able to push the Chinese government for giving people their human rights without completely replacing their government or expect that a significant number of years for their political rights of man to take the rest of the civilized countries of the world. Geographically, China took over Hong Kong, which is the first site of shipment of imports and exports in China. The Chinese government's decision to take in Hong Kong offers the possibility of distributing goods abroad without major changes in the distribution. Economically, we must understand that China has much to offer in terms of cheap labor and outsourcing, but that can come with a cost very marked the near future. Letters of credit are guaranteed by international banks in Malaysia and China, based on current deposits. This guarantees payment to the receipt of goods for imports and exports. The process of placing on the world market for government contracts is the same as in the United States. Foreign bidders are required to submit a proposal to government authority awarding the contract. If you decide to buy or not from a foreign source is a balance between price leads the economy and support local businesses. China has no restrictions on the treatment of its employees, the age of the workers, the number of hours they work, the health care workers or their working conditions. U.S. Employers must comply with laws on the treatment of minors, giving overtime, payment of wages, payment of health care and unemployment compensation, discrimination, etc. Foreign investment in China is carefully controlled in some sectors and industries . Foreign Investment in the United States is permitted until it has a material adverse effect on our national security. Therefore, the U.S. government China has stopped the purchase of a controlling position in the U.S. 's main oil supplier. However, it is almost a guarantee that try again. If you choose to do business in China, please consider carefully the consequences of their actions. Making a big win is very important, but it can be detrimental to our lives, the lives of our children or for the stability and security. I think the world has an opportunity every day of great change for the greater good, perhaps our enemies are going to decide that building a better world for all is better than the arguments on the early Earth money and religion. BibliographyFlannery Russell. At Your Service, China! New York, NY: Forbes, 2007Goodman, Peter S. China's fixed currency Fin. Washington, DC: The Washington Post, 2005Hersh, Adam S. China 's monetary manipulations and U.S. trade. Washington, DC: Economic Policy Institute, 2003http: / / www. Spruce. org / content. , Cfm/webfeatures_snapshots_archive_10302003seHill Charles WL Global Business 5th edition today. New York, NY: McGraw-Hill Irwin, 2008r. Lord of the Beijing suspends human rights talks with the United States. Geneva: Asia News, 2004 http://www. AsiaNews. it/view4print. php? l = en & art = 524