Irony of the Day: China frets about "protectionism"
Ahh, the "chutzpah"-- the nerve...
As the Chicago Tribune reports, top Chinese officials are lamenting what they see as a "rising tide of global protectionism that blocks its major companies from expanding overseas and further integrating into the global economy."
No matter that China actively engages in illegal currency manipulation, massive subsidies in violation of world trade law, and industrial cyber-espionage. And no matter that the U.S.-China Economic and Security Review Commission (USCC) has reported serious national security concerns about investments in the U.S. by China's state-owned enterprises.
Beijing wants to make sure it can maintain its status as the world's top export powerhouse. So why not make a few complaints about "protectionism," even if China's actions are inherently/blatantly protectionist?
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