You have the gist of it, not to worry.
PRChina is our enemy. Some think that spreading a bunch of dollars around PRChina will make them love us. Some even were trying to tell us that PRChina is "the largest consumer marketplace in the world."
Well, it has a lot of consumers, but damn few who can buy 2 cars, a couple of refrigerators and stoves, and a second home in Door County--and it will be a good 50 YEARS before the rest get out of hand-to-mouth.
In the meantime, PRChina's gummint has stolen our nuke secrets with the cooperation of X42, stolen patents from most US firms who are stupid enough to make product over there, priced its currency at way-below-market rates and guaranteed it would stay under the value of the USDollar, and is now working very hard to disable US manufacturing capability.
But we can buy their friendship, right?
The Cato-ists seem to think so. As you probably already know, back in October 2002, while President Bush was exchanging handshakes and smiles with China's President Jiang Zemin, who claims to loathe terrorism in all its flavors, state-controlled Beijing TV was promoting a video it made that celebrated the WTC attacks. The narrator therein delightedly said with looped video of the plane collisions of the WTC:
"This is the America the whole world has wanted to see," ... "Blood debts have been repaid in blood."
"In the meantime, PRChina's gummint has stolen our nuke secrets with the cooperation of X42, stolen patents from most US firms who are stupid enough to make product over there, priced its currency at way-below-market rates and guaranteed it would stay under the value of the USDollar, and is now working very hard to disable US manufacturing capability.
But we can buy their friendship, right?"
Yea. And it just seems like many do not realize that China will not buy a lot of commodities from the west for their peoples. They will at their pace, determine what, how much and when various things should be allowed to be given to their people, carefully timed so that they gear up to produce like goods at a lower cost, then sell their versions to their peoples. But dont' tell that to an American businessman. It is appears beyond his/her level of understanding. Unless they simply want to attempt to make a quick profit, then the hell with their company afterward.
Sigh. It is all to darn complicated. But surely the turning over of many of our secrets, very high tech processes etc.,
are the worst thing that can happen. You did not mentioned how much we practically gave them free in the way of missile design etc.. So now they are many years ahead in their ICBM technologies then would otherwise have been the case. To my knowledge, not even the Russians where stupid enough to give them ICBM technologies. Then there is the UN deal. As China becomes a dominate force in the world both military and commerical wise, they have yet more control over world events. The gig is up.