China, Rogue Economic Superpower

UPDATE II: "Is "our newest economic superpower may indeed be on its way to some kind of economic crisis, with collateral damage to the world as a whole. " Read The New York Times, China Goes to Nixon.


UPDATE: "Here we go again.

China's Supreme Leader visits Washington, and administration officials declare in the run-up to the visit that the United States has had quite enough of Beijing's currency-manipulating, intellectual- property-stealing, domestic- industry-subsidizing policies. . .

By week's end, Americans finally turn their attentions back to the more pressing issue of whether the Jets can really make it to the Super Bowl.

So far, this week's visit by President Hu Jintao has pretty much followed the script."

Read the Washington Post, Chinese follow same old script (and they get the punch line).

"China’s rare-earth monopoly is yet another example of its refusal to play by the rules." Read The New York Times, Rare and Foolish.

And China laughs all the way to the bank.

But all is not lost, yet. we could "use tariffs to counter Beijing’s unfair export subsidies." Read The New York Times, For Our China Trade Emergency, Dial Section 301.