China has now become too big and heavy to be intimidated by any country or bloc of countries. The latest move by China against protectionists point to this.
At first Chinese textile exports swamped markets world wide, causing countries like US or EU to protest.
In an attempt to compromise, the Chinese government put in place export tariffs on textile products - tariffs to bring down their own exports.
US and EU went ahead anyway and imposed further tariffs of their own against Chinese imports, like they do for every other country like India.
In retaliation, China went right ahead and scrapped their own export restrictions.
Man. The country has got balls.comments powered by Disqus