Perspectives on International Trade and Finance Assignment

Perspectives on International administer and Finance - Assignment ExampleJoining WTO posed a vital influence on the governmental as wellhead as economic reforms of mainland China which were learnt to be influencing the telecommunication sector as well. Xiaolingtong is a mobile network which was developed in the year 1999, before China joined WTO and was controlled by the Ministry of information Industry (MII) which was considered to be the backbone of the fixed line expediency providers. Later on, significant developments were made with rewardfulness to Xiaolingtong which assisted in capturing a significant share in the foreign market. The government provided full uphold towards the development of Xiaolingtong but those developments were not regarded as vital in comparison to the mobile or cellular service providers. There were also few issues which existed in relation to the adoption or implementation of the 3G service in Chinas telecommunication services which required the i nvolvement of different services and technologies. treatment Key Issues or Options or Alternatives There are few issues which are known to prevail or subsist in the telecommunication dodge of China and these issues are believed to be preventing the overall development of the system. The telecom market in China was characterized with arbitrary pricing as well as promotion policies. The main focus was to gain a significant market share instead of increasing its market coat by providing new and valued services. The telecom market or the sector was observed to provide change magnitude focus on deploying various services without being much concerned regarding the underlying quality with respect to the value added services for creating differentiation or competitive advantage for their products in the international market. There was an humankind of high regulatory framework which created uncertainty as well as risk for the 3G mobile services. Chinas telecom policies lacked a proper implementation of the relevant laws as well as regulations. It was ready in this respect that MII played a major role in regulating the policies for the telecom system in China as the policies were not considered to be transparent which led to uncertainties. It was identified that to develop an effective as well as effective competition in the telecom market, the existence of an Independent telecommunication Regulatory Authority was highly required. When China joined WTO, it should have then established an Independent telecommunication Regulatory Authority for the purpose of developing its telecom industry, but failed to do as MII used to mull over plans and policies as along with managing the telecom service providers (International Trade Administration, 2010). The telecom industry of China needed to fetch its business in partnership with some other international telecom services to compete in the international market. The firms formed out of Chinese partnerships with the foreig n associates usually remained stated owned and lacked adequate implement in terms of competing in the international market. The telecom equipment requires qualifying through various certifications as well as testing prior to their implementation and installation. A certain degree of limitation is imposed in China with regard to the aspect of foreign investment which restricts foreign companies to exercise control over the trouble of the Chinese telecom industry. A WTO obligation