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U.S. Charges China With Waging Economic War
America keeps sending foreign aid – $12.3 million in 2014
WND
UNITED NATIONS – The U.S. government is charging China with waging economic warfare and deliberately targeting American industries for extinction – even as it continues writing foreign aid checks to the surging economic behemoth in Asia.
The charge of an economic war came when a Commerce Department investigation found Chinese textile and clothing makers, advanced materials and metals companies, light industrial firms, specialty chemical manufacturers, medical product makers, and agricultural firms get subsidized IT services, subsidized product design services and subsidized training services for their employees.
These subsidies give Chinese companies a competitive edge that enables them to undersell American companies and drive them out of business, the Commerce Department charges.
The move to file a formal complaint with the World Trade Organization puts the lie to the notion that China practices free-market capitalism and exposes a battle within Washington over U.S. policy toward Beijing.
Meanwhile, at virtually the same time, the Washington Times was reporting that in 2014, the U.S. State Department and its USAID program sent nearly all the $12.3 million set aside for China.
The plans are to send another $6.8 this year, the report said.
Regarding China’s subsidies to its own industries – through currency manipulation, low interest loans, free land and other assistance, Michael Pillsbury, a former Pentagon official who crafted China policy for presidents from Nixon to George W. Bush, said one group “feels the Chinese conduct has been outrageous and needs major punishment.”
Reposted with permission
what a non story
If anyone thinks there is someone at the controls in the usa they are obviously drinking tap water with their medication and may even be eating macdonalds, but hopefully thats not the case