I'll be very succinct, though. I'm really tying your question into the previous question. The Chinese do have a competitive advantage in some industries, but I do not think it's in the advanced sector. I don't believe we have to worry in the services sector or advanced manufacturing, with Bombardier or the Americans worrying about Boeing, at least not for the present.
Where the threat is coming from is in traditional industries, natural resource industries, steelmaking, because the state-owned enterprises can cheat. They can cheat because they're owned by the state, so they're paying wages below market, they're getting subsidies, they're getting around red tape, and they're getting permits much more easily. The end result is that the whole structure of China is distorted by these very large numbers of very powerful state-owned enterprises, which is about a quarter to a third of GDP.
More important, they're not little companies. It's not like the small business sector in Canada, which doesn't have a lot of power. These are big companies that have a tremendous amount of power, and they can use that power to give themselves what I would call an unfair competitive advantage that has not been earned. They're doing it for the reason I said, because they have these millions of people coming in from the countryside and the Chinese Communist Party is terrified of losing its claim on power. The only way it can keep its claim on power is to keep delivering jobs. That's why I said I don't think we, in Canada, or the Europeans, or the Americans, can count on the Chinese correcting the problem in the steel sector.