D.) would be a foolishness. It would also violate the rules of the World Trade Organization. Similarly, the decision by the U.S. Department of Commerce.UU. reverse your old policy and impose compensatory payments to Chinese companies, even though the Commerce Department still classifies China between economies that are not market, it will open a Pandora’s box and it will exacerbate protectionist feelings in Congress at the Capitol in his trouble by penalize China, Congress is diverting attention from the constructive actions that that nation has taken and is taking to restructure its institutions and thus closer to liberalism economical.
As Premier Wen Jiabao said in his speech at Harvard in December 2003, the transition from planning to market China has led to the gradual lifting of old unbecoming, visible and invisible, restrictions on the freedoms of the people of choice of work, mobility, Enterprise, investment, information, transportation and lifestyle. Background economic freedom, especially in the coastal areas, has made China the third commercial power and in turn has helped millions of people out of poverty. Without the rapid expansion of the non-State sector and the growth of the middle class, political pressure to amend the Constitution and create a new property law had not occurred. In a survey conducted in 20 countries in 2005, GlobeScan found that China has the highest proportion of responses (74%) who agree that the free market economy is the best system on which to base the future of the world. This result is extraordinary given that until very recently Beijing retained central planning. The great idea of President Hu Jintao is to create a harmonious and prosperous society via peaceful development. To achieve this goal, in any case, required institutional change namely, a rule of law that really protects people and property. As Wu Jinglian, one of the major reformers, said recently, if we do not establish a State of just right and have no protection clear property rights, then this market economy will be chaotic and corrupt and ineffective.