About China supposedly "reneged on its promise to allow controlling stakes (over 50%) by a foreign entity in a financial institution." --
Do you even know what a "financial institution" is? China made different promises to different "financial institution" -- for non-life insurance, life-insurance, asset management companies, brokerages (hint: they aren't all 50+%) And of course, China already agreed to relax the ownership limits since last year.
Which promise did China not comply? How many complaints were filed against China in WTO for failing to comply with its promise?
There are always reasons making a person or a country not keep his/her/its promises. China, as well as US, is not unique in this aspect.
What do the other parts do when one part doesn't keep his/her/its promises? Punish, let it go, or negotiate.
In 2007, China was not keeping her promises due to reasons you and I might not know. When"吴仪直接看着我，说她在股权限制的问题上不会有任何改变。" she got reasons, and Paul was buying her reasons. He didn't jump up, like some people in Trump's administration do right now, threatening a $2000B trade war. Maybe he needed China's help at that time. My claim of 过河拆桥 was based on this comparison. I don't see logic flaws in my argument.
Take a step further, think about this: What if China kept her promises and allowed controlling stakes (over 50%) by a foreign entity in a financial institution before 2007? Well, China wouldn't be that lucky in 2008. If China were falling, the USA would have fallen further.
What China did, by not keeping her promises, actually built a safe zone for herself and was able to help US in 2008.
Paul certainly knew this.
While some people in Trump's administration didn't see this point, or chose not to see it, they are certainly 过河拆桥。
In your second point, I doubt you saw the word "before". Hence, that DOESN'T mean the Trump policy is making inroads and having an effect. While you say "This should have been done a long time ago", when? Like before 2007?
I never said that China should keep doing what's called "赚便宜"。However, if you think a promise is a promise among international relationships, I probably have to say that you are a bit too naive.
"吴仪直接看着我，说她在股权限制的问题上不会有任何改变。" What are you trying to say, that China has been reneging on its promise for close to two decades without any shred of guilt but with appalling aggressiveness? Does that not support and strengthen the thesis of me and many other accusing China of breaching of contract and contradict your thesis? The US has tolerated China's bad behavior far too long. It is time to stop rewarding and start punishing bad behaviors.
You said "Xi Jinping agreed to change that in his talk before (and after) Trump started the war on trade." Well, that means the Trump policy is making inroads and having an effect. This should have been done a long time ago.
It had been a problem for good or bad. Yet America was not able to convince China to change its policy on controlling foreign entity's share in a Chinese financial institution, and let it go in 2007.
Xi Jinping agreed to change that in his talk before (and after) Trump started the war on trade, so I remembered.
You have not given a shred of evidence to counter the accusation that China has reneged on its commitment to gain accession to WTO. For example, it has reneged on its promise to allow controlling stakes (over 50%) by a foreign entity in a financial institution; it has reneged on its commitment to allow foreign producers to enter the Chinese telecommunications market and use any technology they choose to provide telecommunications services. For nearly two decades, China has failed to carry out its commitments.
