China has a protectionist economic policy. This is evident in a recent tariff hike on U.S. auto manufacturers, that according to InAutoNews, increases the tariff cost of exporting vehicles to over 25 percent. This is on top of an already tough business environment that deliberately targets foreign businesses with regulatory violations per Bloomberg. Intellectual property violations, a pegged Yuan-Renminbi, and repeated cyber attacks do little to remedy the economic challenge.
Of course what country is not protectionist at some level. Every state has its economic interests and that includes the U.S. auto industry which was bailed out via congressional intervention along with the financial system via the Troubled Asset Relief program (TARP). Perhaps this is China's way of saying, "touche" to these policies and Department of Commerce anti-dumping regulations. Yet, despite having been 'targeted' for regulatory violations, Walmart is one of China's best customers and a large importer of Chinese products.
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• BLS: 3.27 million job openings were listed in October
• U.K. Guardian: £30 billion U.K. bill for IMF Euro-zone bailout loan
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