Predictably, the Bush administration and its media mouthpieces trumpeted the latest U.S.-China trade agreement as a solid win for the United States. Just as predictably, their conclusions are ludicrous. In the wake of the late-April trade sessions, Vice President Cheney’s visit to East Asia, and an extraordinary China press conference held by four Cabinet officials shortly thereafter, it’s painfully clear that the Chinese are running rings around the United States economically, politically, and national security-wise. The main reason: Although the administration views China policy as an exercise in public relations and election-year politicking, the Chinese view their America policy as...
