OPINION: China Does More to Damage to the American Economy Than Any Other Nation.
In a political debate today, U.S. NEWS & WORLD REPORTasked: "Should China Be Considered America's Number One Adversary?"
Answering with a resounding YES, Alliance for American Manufacturing (AAM) President Scott Paul explained that China presents itself as a formidable strategic and economic competitor:
China refuses to play by the rules of the global economy while simultaneously growing its military capabilities, gobbling up strategic resources, stifling dissent at home, green-lighting cyber intrusions abroad and showing increased signs of nationalism.
Non of this happens by accident. Paul said that China efforts are part of a blatant strategy to run roughshod over the global trading system:
It's not unusual for a nation to act in its own economic interest. But what sets China apart is its blatant disregard for the established rules of global trade. China manipulates its currency, heavily subsidizes its industries, blocks market access, permits the theft of intellectual property, promotes forced technology transfers and degrades its own environment, all to gain a competitive advantage.
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