Deceptive Trade With China In King
Description
Form popularity
FAQ
"Unfair competition" in this Law refers to acts of operator which contravene the provisions of this Law, damage the lawful rights and interests of other operator, and disturb the socio-economic order.
China currently has 29 Fairtrade Certified producer organisations that produce a diverse range of organic and fairtrade certified products.
China currently prohibits the importation of remanufactured products, which it typically classifies as used goods. China also maintains a general import prohibition that prevents remanufacturing process inputs (cores) from being imported into China's customs territory other than to its special economic zones.
China is a major economic partner of the U.S. but engages in unfair trade practices. These practices include trade in illicit goods, use of forced labor, and theft of sensitive technologies—which can all harm the U.S. economy. As China's economic power grows, federal agencies can act to better protect the economy.
The U.S.-China trade relationship raises many issues—concerns about the deficit, the impact of China's subsidized exports on U.S. industry and jobs, and risks to economic and national security.
Comparative advantages: China has comparative advantages in the production of certain goods due to factors like lower labor costs, abundant natural resources, and specialized expertise in certain industries. This makes trade with China economically beneficial.
Misrepresentation Representing that goods or services are of a particular quality, style or model if that representation is untrue. Making false or misleading statements about the condition of used goods. Representing goods as new when they are used, deteriorated, altered or reconditioned.
China Trade & Investment Summary U.S. goods exports to China in 2022 were $154.0 billion, up 1.7 percent ($2.6 billion) from 2021 and up 39 percent from 2012. U.S. goods imports from China totaled $536.3 billion in 2022, up 6.3 percent ($32.0 billion) from 2021, and up 26 percent from 2012.
The Open Door Policy definition in U.S. history is a policy that forced China to maintain an open door in relation to trade with other countries, particularly the United States.
China's system integrates state and corporate interests, enabling the government to use trade tools—antidumping, antitrust, technical standards, and procurement—economic coercion, and PRC intellectual property (IP) theft activity to advantage its firms and economic development goals.
