Shame on China's regime. But shame on us, as well. Why? Because the United States laid significant groundwork for the formation of the modern, post-Tiananmen Chinese police state. And our culpability can be spelled out in four letters: PNTR (Permanent Normalized Trade Relations)
We have come a long way since sovereign wealth funds' controversial investments in distressed financial and infrastructure companies in the U.S. and Europe. Indeed, their investment behavior has changed in recent years and new trends are emerging.
How many times do we hear the forces of doom--primarily from the right wing that wants to end just about everything government does that can help the American people--that we cannot going on "borrowing from China"?
Here's a quick primer on what the candidates have been saying, and where American manufacturing can travel in the next few years. Expect a crescendo on China next week when the candidates spar at the next debate.
Romney is heating up his offensive on the China trade issue. His campaign blog just released a page promising he "will ensure China plays by the rules," and blaming the Obama administration for not doing so, starting with currency manipulation.
It's past time for America to stop being a spectator to global trade abuses, with our hands bound by either our diplomatic sensitivities or corporate short-sightedness in valuing short-term profits over the long-term viability of our national economy.
China's Vice President Xi Jinping's visit to the United States is being closely watched by policymakers to gain insight into China's likely future leader ahead of the transition beginning later this year.
Corruption perceptions indices suggest that China is not especially corrupt for its level of development and actually does better than many more developed countries, including Russia, Argentina, and Mexico.
The latest noteworthy example of China's protection of its industries -- and its 'rest of the world be damned' behavior -- is it's allowing its steel industry to duck yet another global environmental initiative.
The world is entering an era of resource scarcity. China's leadership recognizes this and is beating us to the punch. They're racing to accumulate critical and diminishing resources vital to every aspect of modern life, from growing and transporting food to making and running the computers
Maybe Herman Cain, the latest boomlet in the GOP presidential race, will be elected president. Or maybe his 15 minutes of fame have just arrived. Either way, it behooves us to see what he thinks about America's trade mess.
All of a sudden Congress, or at least the Senate, is on the brink of enacting some sort of legislation intended to retaliate against China for its currency manipulation. For me, to borrow a line from Yogi Berra, it is "déjà vu all over again."