China has never been on mutual terms with the US, something that is attributed to China’s negative impact on the US economy; China has always been accused of international business malpractices that have resulted to stagnation of the US economy (Newman).
According to the former US Republican presidential hopeful Mitt Romney, tougher measures should be taken against China in order to reduce its massive domineering influence in international business. In response to this assertion, the US president Obama launched a claim with the World Trade Organization accusing China of artificially keeping the prices of its autos and auto parts through illegal subsidies and weakening global prices henceforth. In this manner, China does not compete with other global markets on a fairground; such business malpractices undermine global competition. Unfortunately, many nations (the US included) do not have any strategy for dealing with the China threat, and sadly enough, China's mode of state-run capitalism is more successful than the noninterventionist system practiced in developed nations including US (Newman).
According to D’Aveni, a prominent business strategist and consultant, a series of pragmatic and dynamic strategies can be adopted to reduce China’s impact on the US economy; these strategies he believes will reinvigorate and revive the US economy. International Business and Trade.
Work CitedNewman, Rick. “The Case for Getting Much Tougher on China”. Usnews.com. 2012. Web. 23rd Dec, 2012.< http://www.usnews.com/news/blogs/rick-newman/2012/09/21/the-case-for-getting-much-tougher-on-china>
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