Punishing China

Further Explanation of the Boycott of the Olympics in Beijing

Alberto Montero Soler – Rebelión and La Otra Economía

Translation: Machetera

In case anyone still harbors any doubt about why Europeans and North Americans are trying to water down the Olympics hosted by the Chinese, yesterday (April 18, 2008,) the World Trade Organization published a report about the evolution of international trade in 2007, from which just about anyone could easily find arguments which help to explain the reasoning behind the present offensive against China.

In any case, in order to save you the trouble, I’ll sum it up for you:

a) For the first time, China surpassed the United States as worldwide exporter of products and is rapidly approaching Germany, the world’s main exporter.

b) For the first time, China replaced Canada as the United States’ leading supplier. Chinese imports grew by 12%, more than double the rate of total imports, and this despite the fall in domestic U.S. demand.

c) For the first time, the volume of Chinese trade (export and import) surpassed the combined volume of trade of Japan and South Korea, the second and third largest traders in Asia.

d) Since 2001, the year in which Beijing was approved as the Olympic site and China joined the WTA, its exports and imports have grown by an average of 25% yearly, more than double that of world trade. Since 2004, China’s trade (exports and imports) has surpassed that of Japan, and in 2007, as we’ve said, surpassed that of the United States.

And now this brings me to the tall tale about the reason for the Olympic boycott in Beijing being the occupation of Tibet.

Related article: “Why all the Fuss in the European Parliament over the Chinese and the Olympics?”

  • Alberto Montero (amontero@uma.es) is a professor of Applied Economics at the University of Málaga. Other writings of his can be found at his blog La Otra Economía.

Machetera is a member of Tlaxcala, the network of translators for linguistic diversity. This translation may be reprinted as long as the content remains unaltered, and the source, author, and translator are cited.

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