How could customers make a right choice without enough information? It just like we discussed last week that if a company owns all media in a region, it can broadcast any information which it wants. Try to imagine that all foreign financial news services have to operate through China’s agency, which means the China’s government has the right to decide which news could be announced and which one could not. There would be an ethical issue that not every organization has the same right in China’s market. In other words, some organizations could lose the advantages in China’s market because they do not have the fair access into this market.
Another example that China interfere market is undervaluing its currency. The currency should be reflected it market freely, but China force to undervalue it. Under this situation, the exports to China would be cheaper and imports from China would be more expensive, which result in the trade deficit of the United States would go up more than it was supposed to be. In China’s point of view, I can realize those unfair actions in market were going to protect it own market. Although it makes sense to me, I could not agree with it. I believe that we should defeat our competitors in the right way. Everyone should be under impartial rules, not by our own rules.
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