In a global economy it's significant to be aware that not all countries operate by the same set of standards. It's significant to understand and evaluate the standards of each company where you have business interests. Read the article U.S. Industry Claps Chinese Import Ruling.
In a one page document write your thoughts about how you, as an international business person, would address the following:
Is China cheating when it comes to international trade?
How big a problem is piracy?
How dependent is the U.S. economy on China?
How far should the U.S. push China on matters such as currency, piracy and subsidies?
What impact could Chinese brands have on international trade?
Do you think brands from China will become as popular as brands from Japan?