Perspectives on International Trade and Finance Assignment

Perspectives on International Trade and Finance - Assignment ExampleJoining WTO posed a vital work on on the political as well as economic reforms of China which were learnt to be influencing the telecom sector as well. Xiaolingtong is a mobile network which was develop in the year 1999, before China joined WTO and was go outled by the Ministry of Information Industry (MII) which was considered to be the backbone of the fixed line service providers. Later on, strong developments were made with regard to Xiaolingtong which assisted in capturing a significant share in the foreign market. The government provided full support towards the development of Xiaolingtong but those developments were non 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 involvement of different services and technologies. D iscussion Key Issues or Options or Alternatives There are few issues which are known to prevail or subsist in the telecommunication system of China and these issues are believed to be preventing the boilersuit 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 size by providing new and valued services. The telecom market or the sector was detect to provide increased 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 existence of high regulatory framework which created uncertainty as well as lay on the line for the 3G mobile services. Chinas telecom policies lacked a proper implementation of the relevant laws as well as r egulations. It was found in this respect that MII contend 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 place that to develop an efficient as well as effective competition in the telecom market, the existence of an Independent Telecom Regulatory Authority was exceedingly required. When China joined WTO, it should have then established an Independent Telecom Regulatory Authority for the purpose of developing its telecom industry, but failed to do as MII used to formulate plans and policies as along with managing the telecom service providers (International Trade Administration, 2010). The telecom industry of China needed to conduct its business in confederation with some other international telecom services to compete in the international market. The firms formed out of Chinese partnerships with the foreign associates usually remained stated possess and lacked adequ ate experience in terms of competing in the international market. The telecom equipment requires qualifying through various certifications as well as testing anterior 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 management of the Chinese telecom industry. A WTO obligation