Another China bashing article
China Business Mar 12, 2010 China lassoes its neighbors By Walden Bello Asia Times With the Doha Round of negotiations of the World Trade Organization in limbo, the heavy hitters of international trade have been engaged in a race to sew up trade agreements with smaller partners. China has been among the most aggressive in this game, a fact underlined on January 1, when the China-ASEAN Free-Trade Area (CAFTA) went into effect. Touted as the world's biggest free-trade area, CAFTA will bring together 1.7 million consumers with a combined gross domestic product of US$5.9 trillion and total trade of $1.3 trillion. Under the agreement, trade between China and Brunei, Indonesia, Malaysia, the Philippines, Thailand, and Singapore has become duty-free for more than 7,000 products. By 2015, the newer members of the Association of Southeast Asian Nations (ASEAN) - Vietnam, Laos, Cambodia, and Myanmar - will join the zero-tariff arrangement. The propaganda mills, especially in Beijing, have been trumpeting the free-trade agreement as bringing "mutual benefits" to China and ASEAN. In contrast, there has been an absence of triumphal rhetoric from ASEAN. In 2002, the year the agreement was signed, Philippine President Gloria Macapagal-Arroyo hailed the emergence of a "formidable regional grouping" that would rival the United States and the European Union. ASEAN's leaders, it seems, have probably begun to realize the consequences of what they agreed to: that in this FTA, most of the advantages will probably flow to China.... The above are the opening paras of Walden's article. The writer took the position that the Asean leaders were all dummies and did not know what they were going into, and the peasant Chinamen were first class conmen. I think the Chinamen cannot beat the conmen that caused the SWFs to lose hundreds of billions within a few months. Those, in my view, were either real first class conmen or the victims were really dumb asses. If one were to remember the early years when the empires put a gun at the heads of native headmen and forced them to sign away their countries and national wealth, perfectly fair deals. Today all the trade agreements signed between China and any country, no matter how small, were negotiated by the countries best brains on a willing buyer willing seller basis. No guns on their heads for sure. The western propaganda machine is still in full swin to attack and discredit China in all ways, but how many would believe in them today?