I also suspect that the Chinese government is buying some real estate in America using various kinds of front companies, which is good for our country in some ways. Chinese real estate purchases send dollars back to America, support the value of the dollar, and support real estate prices. But purchases of American products generate more jobs and tax revenue in the US, and we need China to step up and start buying more American products.
“It wants to spend those dollars on things that it can’t get by piracy, such as nuclear power plants, Boeing jets, Intel microprocessors...”
Correction: Things it can’t get by piracy YET!
I posted this on another thread:
Not exactly piracy, but you’ll get the idea...
Our trade with China needs to be reevaluated for a whole host of reasons, one of which is the suicidal tendencies of our corporations, who send manufacturing over there and end up developing their own competition.
A perfect example was in the WSJ on Friday. Favorite car of the up-and-coming Chinese? A Chinese-produced Buick. Oh, excuse me, it USED to be that Buick. Now, the company that was producing Buicks for GM has come out with their OWN upscale car.
GMs response? We were told early on that it might come to this, but we felt it was important to be in China anyway.
Its happening in industry after industry. As Bugs Bunny said: What a bunch of maroons!