The European Union nearly entered an economic war with China earlier this year in an effort to combat such predatory strategies. China’s autocratic government seeks to dominate the world economy and only responds to serious threats, as the recent showdown with the EU proved.
Meanwhile, our internal bickering is distracting us. President Obama skipped a crucial Asian summit last month, a move widely seen as giving China an advantage in efforts to dominate its Asian neighbors. Instead, Obama stayed home to deal with Congress’ shutdown of the federal government.
“I’m sure the Chinese don’t mind that I’m not there right now,” he said. “There are areas where we have differences, and they can present their point of view and not get as much push back as if I were there.”
So, as our communities set tax rates and renew a scramble for the scraps of industry, keep in mind the connection between our fates and the global picture. It’s up to our federal government to deal with economic threats facing our nation. China is a formidable and predatory force that wants it all.
— The Daily News of Newburyport, Mass.
THE ISSUE Battle for businesses with China THEIR VIEW We're losing a war we're largely refusing to fight.