Since China’s admission into the World Trade Organization we have been packing up our factories and sending them over there. We have been buying so many things made in China, but they have not been buying very many things made here, and the resulting “trade deficit” has gotten worse year after year. more »
Next week, May 9 and 10, the US-China Strategic and Economic Dialogue will take place in Washington DC. Since 2009, high-level representatives of the US China, with their delegations, meet each year at one then the other capital. more »
Schemes and scams unravel, usually badly. China has been manipulating its currency, causing economic imbalances on a scale the world has rarely if ever before seen. The consequences are causing inflation problems inside China. One way or another this is going to adjust and China has to find a way to keep it from exploding. more »
As Chinese President Hu Jintao visits Washington one subject being discussed is China's currency manipulation. China keeps its currency "weak" because it mean goods made in China have a huge price advantage in world markets. This is part of a larger national strategy to take over key strategic industries. more »
A new example today of the consensus that has formed on confronting China's trade practices: At the America’s Fiscal Choices conference today economists Paul Krugman, Martin Feldstein and Jan Hatzius all agreed on the need for the dollar to fall. more »
In the day-to-day news about trade problems with China the bigger picture can get lost. America is giving up its competitive position in industries of the present and future and it is costing us. more »
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