Another technique China uses is to allow foreign corporations access, provided that they produce the goods and services sold to Chinese citizens domestically in

Another technique China uses is to allow foreign corporations access, provided that they produce the goods and services sold to Chinese citizens domestically in China. Take, for example, American car companies which do brisk business in China. The brands are popular and American, but the cars themselves are all Made in China. China wins, American corporations win, only the American people lose. China is engaging in naked mercantilism, artificially depressing their currency to maintain a trade surplus, enacting tariffs and other protectionist measures to limit imports and foreign access to domestic markets, and trying to secure a monopoly on natural resources with the aim of waging economic warfare against other nations, as they demonstrated recently with their decision to halt exports of rare-earth minerals to Japan over a minor territorial dispute. This is far worse even than what we've come to expect from our supposed allies in Europe who routinely slap 15+% VATs on our exports and selectively enforce regulations to target mergers and acquisitions by American companies. I hope the policy makers who kept telling us that China would liberalize and become a responsible power as it developed are satisfied with the situation they helped to create. I doubt they'll be the ones to have pay the price for it.