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Creator Capital Ltd Ord CTORF

"Creator Capital Ltd operates in the electronic gaming and multimedia industry. The company offers in-flight gaming software systems and services by developing, implementing, and operating computer based gaming softwares."


GREY:CTORF - Post by User

Post by warrenbuffet99on Dec 29, 2001 2:32pm
143 Views
Post# 4570021

China Gets In

China Gets InSaturday, December 29, 2001 - 12:00 a.m. Pacific Editorial China gets in After years of argument, the granting to China of permanent rights to sell its goods in the United States has come by executive order, with barely a burble of dissent. The fight ended when China agreed to U.S. conditions for admitting it into the World Trade Organization, and the deal was approved by Congress. China is now in, and we are obliged to treat it with the respect due a WTO member. That is a relief. The nation was having the same fight every year. On one side was Boeing, Microsoft, chambers of commerce, economists, China academics, Chinese intellectuals and the president of the United States. On the other side were the AFL-CIO, environmental groups, Wei Jingsheng, religious conservatives and the U.S. textile industry. Each year, as the battle commenced, the paid warriors for each side shook down their supporters for contributions. The fight ensued, and the first side won. It always won. For a while, the fear that it might lose induced China to make concessions. But in 1994, pressed hard by President Clinton to change, China refused and Clinton backed down. The American bluff had been called. Trade was in this nation's economic and political interest, and it was going to win every time. There remain other battles to fight about trade: whether trade agreements should enforce labor and environmental standards, whether they should protect rights of property, and how far they should intrude upon domestic political decisions. There will be other, bigger issues with China. But there will not be a set-piece battle scheduled once a year. China is in the WTO and a normal trading partner of the United States — the better side won. Copyright © 2001 The Seattle Times Company
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