Lately, China is in the news for "devaluing" its currency. And, world markets have reacted. Also, Trump made some harsh remarks.
IIRC, some time ago, Trump made remarks about China not respecting Patent Rights stating that they are basically "stealing" technology. This was years ago, btw.
So, I have a few questions regarding China:
1) Is China a "fair" player in International Business or not? Do they steal patents, for example, without paying rights?
2) How does one exactly devalue a currency? And, "should" a Country seek approval before doing so from other economic powers since it has global impact?
3) How do you see China in the coming years? Playing more favorably economically or being even more unfair?
Thanks in advance.
IIRC, some time ago, Trump made remarks about China not respecting Patent Rights stating that they are basically "stealing" technology. This was years ago, btw.
So, I have a few questions regarding China:
1) Is China a "fair" player in International Business or not? Do they steal patents, for example, without paying rights?
2) How does one exactly devalue a currency? And, "should" a Country seek approval before doing so from other economic powers since it has global impact?
3) How do you see China in the coming years? Playing more favorably economically or being even more unfair?
Thanks in advance.