Unit 6 - China, Trade War - Geopolitical Conflict Flashcards

1
Q

With who does China have a trade war with and why?

A
  • World’s largest economies
  • imposed tariffs worth billions in the past few years
  • China believe the US wants to curp its rise
  • USA believes that China practices unfair trade and intellectual property theft
  • negotiations are ongoing however have proven to be difficult
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2
Q

How did broadening and lengthening connections lead to conflict between China and USA?

A
  • joined World Trade organisation
  • lead to accusations that China does not comply with global trade rules
  • China had no law about intellectual property which costs US companies 1 billion a year
  • China has a closed market and it was demanded to open it
  • WTO has lead to many benefits for China, but also lead to conflict as countries looked into the laws and regulations of China so that trade stays fair
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3
Q

How did transfer of capital, goods and people lead to conflict between China and USA?

A
  • companies from the USA lost money due to China’s actions.
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