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Taking a hard line to reduce imports of technology goods and encourage domestic manufacturing could violate international trade agreements and set off a trade confrontation.
The bottom line is that Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation.
A trade confrontation with the U.S. and other Western countries — an Opium War in reverse — would undermine the very basis of China's success: the export of cheap manufactured goods.
By Evan Osnos January 10 , 2010In a New Year's Day Op-Ed piece in the Times, Paul Krugman declared that "Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation.
"The bottom line is that Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation," Paul Krugman wrote on New Year's Eve 2009.
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China's economy seems to be in trouble, which could be a very big problem for the world unless China's leaders and trading partners ensure that economic strains in the world's largest exporting nation do not lead to trade confrontations around the globe.
"The desire to launch a new 'green' economy brings the risk of trade confrontations," said Eloi Laurent, senior economist at Sciences-Po's economic research center in Paris.
But in recent decades, country music has traded confrontations with the abyss for mild flirtations and clever wordplay.
In subsequent decades she traded brutalist confrontation for formal delicacy and mental travel into fabulous other universes.
Organizers and reporters know UNO as a politically connected community group that traded its confrontation tactics of the 1980s for insider access at City Hall in the 1990s and today.
The stock has not traded since that confrontation.
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