This week we watched China's stock markets tumble over worry that the Chinese government is curbing its support, estimated in the hundreds of billions of yuan thus far, and that it may now be "testing whether the market can support itself" (http://www.marketwatch.com/story/shanghai-plunges-8-on-worries-beijing-is-ratcheting-down-inflows-2015-07-27).
Meanwhile, after eight years of effort leading up to a hopeful conclusion, talks failed and no general agreement was reached in the Trans-Pacific Partnership (TPP) negotiations between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the US (http://news.yahoo.com/no-final-deal-pacific-trade-talks-negotiators-033653500.html).
China is not included among the would-be TPP partners.
Sticking points in the troubled TPP talks involved agricultural markets, auto manufacturing and trade, protection for drug-makers, copyright protection, workers rights and environmental protections.
Also written into the Trade Pact agreement is a mechanism to provide temporary credit for companies in member countries to make major purchases, such as capital equipment for manufacturing. The intent is to provide credit and funding for transactions more quickly than can often be accomplished in certain member countries, and then be reimbursed when normal credit is acquired.
Some opponents of the agreement explain that this can put a government entity into the position of picking winners and losers -- which should not be the case.
So there we have it. China picking stocks (winners and losers) in a large-scale effort to prop up its stock market while the U.S. and its TPP partners get bogged down in ideologies while seeking to expedite transactions for free trade.
What's wrong with this picture?
Electro Technik Industries, Inc., through it's various subsidiaries, manufactures attenuators, capacitors, circulators, coils, diode detectors, EMI filters, isolators, magnetics, resistors, terminations, and transformers.
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