Title: China Most Favored Nation
Headings: China - Most Favored Nation
China - Most Favored Nation
Give it All Away
It Just Doesn't Matter Anymore
CFR and its World Socialism
RELATED ARTICLES:

Content: The Chinese economy is growing by leaps and bounds, fueled by a trade deficit against the U.S. of $35 billion a year, almost as large as the U.S. trade deficit with Japan. It is hard to shop at many U.S. stores and buy something that is not made in China. The U.S. market is flooded with toys, shoes and gadgets manufactured by cheap Chinese labor. Scores of U.S. companies are moving their manufacturing operations into China and exporting the finished product back to the U.S.
Give it All Away
The political elite are also pumping up communist China's military capabilities with a massive infusion of weapons technology and materials. " According to the Seattle Times , McDonnell-Douglas closed a recent deal to build jets in China by offering tooling technology that is now being used in the Red Chinese missile program. The Wall Street Journal reported that the company secured a joint-venture agreement with a government-owned aviation company by providing 'enough technical data to fill a library.' In fact, according to the Journal , no American firm seeking access to China 'can expect an entry pass without divulging technology early and often.'" ( Our 'Business' with Beijing, The New American magazine, 4-28-97). Michael Ledeen of the American Enterprise Institute points out that "just as we opened the floodgates of American technology to the Soviets, thereby enabling them to achieve a quantum leap in military power...so today we are selling China some of our most sensitive technology, and at bargain-basement prices. We have recently permitted the PRC to obtain the technology to manufacture its own Global Positioning System, which is the key to the most accurate targeting systems for cruise missiles and other advanced weapons.