Quote by Virginia Foxx

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.

China's idea of fair trade is government subsidies of its te

Summary

This quote suggests that China's understanding of fair trade involves engaging in practices such as government subsidies for exports, currency manipulation, and forgiving loans. These actions are seen as advantageous to China as they enable them to gain a competitive edge in the global market. However, it is important to note that this interpretation of fair trade is debatable, as it may be perceived as unfair by countries that struggle to compete with China's subsidized exports.

By Virginia Foxx

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