China Loses WTO “Morals” Appeal

December 23, 2009 -

While it may never become a true open market for foreign media, China is being forced by the World Trade Organization (WTO) to at least take a small step or two in that direction.

In filing an appeal against a WTO ruling earlier this year, China had claimed that routing foreign media through its own distributors was a requirement in order to protect “public morals.” The WTO did not agree and has denied China’s appeal, reports the Wall Street Journal.

China now has one year to comply with the ruling and to open its country to more films, videogames and music, which could obviously be a financial windfall for Western companies eying global expansion. If China does not comply within the specified timeframe, the U.S. could rain down trade sanctions on China equivalent to revenue lost on media not allowed into the country. Such sanctions could total billions of dollars.

U.S. Trade Representative Ron Kirk stated:

U.S. companies and workers are at the cutting edge of these industries, and they deserve a full chance to compete under agreed WTO rules. We expect China to respond promptly to these findings and bring its measures into compliance.

China’s Yao Jian, a spokesman for the Ministry of Commerce, responded:

China has conscientiously carried out its obligations under WTO rules in terms of access to the publishing market since its entry into the WTO.

China currently allows only 20 foreign films a year to be released within its borders, a number that the Motion Picture Association of America (MPAA) does not see changing, even in light of the new ruling.

The Journal called the rejection of the appeal, “… one of China’s biggest-ever losses at the WTO.”

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Comments

Re: China Loses WTO “Morals” Appeal

President Obama has spent more then every other world leader combined, currently China owns the majority of U.S Bonds out there and holds a good deal of U.S debt. If China decides to cash out, it’s over for the United States of America just as the U.S.S.R (Soviet Union) collapsed for over spending.

Then your Liberal savior can finally make his own corrupt like South American Socialist Republic where he is President for life and his word is law.

The United States is not going to start a trade War with China, if it does obviously our Dear Leader is doing it for a reason. You can report me to flag@whitehouse.gov (http://www.whitehouse.gov/blog/facts-are-stubborn-things/)

Re: China Loses WTO “Morals” Appeal

Only about half of US bonds are held by foreign countries ("Most of the government’s holdings are massive savings accounts for programs like Social Security and Medicare." - MSNBC), of which 22% is held by China (according to the US Treasury, as of Oct 2009), which means they hold about 11% of US bonds, and 11% is not a majority.  Yes, facts are stubborn things.

Besides, China can't "cash out" until the bond matures, like everyone else.  In the mean time, they can only sell the bond to someone else.

Re: China Loses WTO “Morals” Appeal

the chinese people want to be free FREE they have life size statue of optimus prime THATS PROOF ENOUGH RIGHT

Re: China Loses WTO “Morals” Appeal

Ah, China; the communists who aren't communists.

"The difference between genius and stupidity is that genius has its limits." -Albert Einstein

Re: China Loses WTO “Morals” Appeal

Actually China is the only communist country with any real powers left. Vietnam and North Korea are only surviving as communist countries thanks to China's support, and Cuba is all on it own.

http://www.magicinkgaming.com/

Re: China Loses WTO “Morals” Appeal

China: The totalitarianism of Stalin-style communism now featuring the corruption of capitalism!  

Re: China Loses WTO “Morals” Appeal

*smears blue paint over his face* *clears throat* *deep breath* FREEEEEEEEEEEEEEEEEEDOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM ahem Im not even scottish not a great movie but the quote kinda works here haha

Re: China Loses WTO “Morals” Appeal

About time this came back to bite them in the ass.

I wonder if they'll start eyeing Australia next.

Re: China Loses WTO “Morals” Appeal

I wish they would, then I would eventually be able to get all those great Japanese games that hardly ever come out in my own country down under.

Sad thing is, Australia has a healthy reputation of being huge on importing goods that I don't think the WTO would really consider Australia as being a problem.

I think China attracts allot of attention because of how big the country is in it's size of people/population.

Therefore if more people in China are able to buy their products, then it will be a better trade deal.

The moral part of their argument is really weak and if they ever cared about morality, they should look at themselves and how their government treats those who fight for human rights.

But there is one thing wrong with the WTO, they think that people in China are better off like the people living in Beijing. They should look at other areas of China and see that in reality most of the people in China are from poor families who are struggling to live and they may not be able to buy the things from other countries if they are going to be out of their price range.

TBoneTony

Re: China Loses WTO “Morals” Appeal

If one of those 20 films was "Transformers 2" I can see exactly where the WTO is coming from.  

Re: China Loses WTO “Morals” Appeal

Frankly I don;t think ANY culture should be polluted by Bays garbage.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: China Loses WTO “Morals” Appeal

IIRC those 20 movies are all heavily censored.

Re: China Loses WTO “Morals” Appeal

China currently allows only 20 foreign films a year to be released within its borders

Holy shit, seriously? That's peanuts.

 
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MechaTama31I think there are a significant number of jobs people will do for food that they will not do for an ipad.07/12/2014 - 8:39am
Infophilelabour (primarily among mothers and teens) and some show increased labour. Maybe it's a cultural thing in play that results in different outcomes in different societies.07/12/2014 - 6:53am
InfophileYou also need to take into account just how crappy it would be to only have the basics to live. But with competing forces at play like this, it's impossible to argue to an answer. We have to look to tests of it, and results are mixed. Some show decreased07/12/2014 - 6:51am
MechaTama31to be done, and some people really need jobs.07/11/2014 - 5:41pm
MechaTama31Info, I think you don't really understand just how crappy a lot of the jobs are that provide the "basics" that you assume will just continue to be produced under such a system. There's very little pride or prestige to be had from such jobs, but they need07/11/2014 - 5:40pm
Andrew EisenMaskedPixelante - That's probably because it's now available on the Wii U eShop for $8.07/11/2014 - 5:18pm
InfophileThat's not how human psychology works. It's all about "Keeping up with the Joneses." When everyone around you has a new fancy smartphone and is talking about that cool HBO series, do you want to be the one left out?07/11/2014 - 4:05pm
Matthew WilsonThe issue is most people would settle for the basics and not work. That is why we would need very heavy automation to make a system like that work. Almost all labor intensive tasks would have to be done by robot.07/11/2014 - 2:32pm
InfophileOf course, that's a gross oversimplification. The idea, have a basic safety net that pays for what's needed to live. If people can find a job and are willing to work, they get more money which can be spent on comfort and perks.07/11/2014 - 11:33am
InfophileIt's quite possible to get an economy to work with a basic minimum standard of living. You just need perks for the people who do work. Everyone gets food and a home. Everyone who works also gets an iPhone.07/11/2014 - 11:32am
MaskedPixelanteIn the continuing adventures of "Stuff I figured would be overpriced on eBay but isn't", 15 bucks for a copy of Mario and Luigi: Superstar Saga.07/11/2014 - 10:04am
SleakerI didn't gather the same conclusion.. Seems like they are focusing on devices & services still, just not calling it 'devices and services'07/11/2014 - 8:57am
PHX CorpMicrosoft CEO readies big shakeup, drops devices and services focus http://www.theverge.com/2014/7/10/5887143/satya-nadella-microsoft-ceo-employee-email07/11/2014 - 8:45am
MechaTama31declared that everybody should have them. Somebody still has to produce them.07/11/2014 - 7:44am
MechaTama31I do mean the developers/governmet. And money is not the only thing of value. I am including the food, housing, etc that everybody is supposed to get for free under this system. In the real world, those things don't exist merely because an authority has07/11/2014 - 7:43am
InfophileAs automation gets better and better, the number of jobs absolutely required keeps diminishing. How many people these days do you think are actually needed to keep everyone alive? Most people just make our lives more convenient and entertaining.07/11/2014 - 4:43am
Matthew Wilsonthat kind of system only works when most people (around 70 to 80 percent ) do not need to work.07/11/2014 - 1:21am
TechnogeekConjured up by who, though? If by the players, then it's not really "on a whim" since they're kind of putting work into it. If you mean the developers/government, then hello and welcome to monetary sovereignty.07/11/2014 - 12:34am
MechaTama31I'm just saying, when everything of value can be conjured up at a whim, that's not an economy. That's a fantasy.07/11/2014 - 12:15am
TechnogeekHonestly, though, what I find most thought-provoking about the article isn't the guaranteed minimum income aspect at all, but a more fundamental point: that we treat poverty as a moral failing on the individual, rather than a design flaw in the system.07/10/2014 - 11:53pm
 

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