Alkampfer@anon.com wrote:

The problem is that has been Clinton that heavily financiated the China economy and let communistic
China to litterally invade the US with their products and forced Japan and Taiwan to move their
manufacturing units to China ...
...obviously because it's a known fact that the Democratic party got a lot of money from communistic
China government to help Clinton get in charge.. and those Clinton actions to pump China economy
were the Democrats way "to return the favour" .... ....

Now it's kinda silly, pathetic and disgusting to see people blaming Bush for what Clinton and the
Democrats did.

Another rightard revisionist.

The Republican controlled Congress is the one who passed riders in bills
which made it easier for U.S. companies to do business with China. And
that included moving production there.

On Wed, 22 Oct 2003 03:22:32 GMT, Harry Hope <rivrvu@ix.netcom.com> wrote:

From Voice of America, 10/22/03:
http://www.voanews.com/article.cfm?objectID=B5221CF4-35B5-4160-8BF069F6214196C0

US Lawmakers Vent Anger at Bush Officials Over US-China Trade Problems

Barry Wood
Washington


The increasingly contentious issue of China's growing trade surplus
with the United States and the corresponding loss of American
manufacturing jobs burst into sharp debate Tuesday at a meeting of the
House International Affairs Committee.

Both Republicans and Democrats hurled tough questions at Bush
administration China trade expert Grant Aldonas.

They wanted to know what Washington is doing to remedy the trade
imbalance and halt the hemorrhage of American manufacturing jobs.

The U.S. industrial sector has lost jobs for 32 consecutive months.

The belief is that American manufacturers are losing out to cheap
Chinese imports that are often illegally dumped in the U.S. market.

Brad Sherman, a Democratic congressman from California's San Fernando
Valley, accused the administration of extreme weakness in dealing with
China.

"We're fiddling around with a dumping case here or there in the face
of a 40 per cent violation [through exchange rate undervaluation]
every day on every item," he said.

"And we don't do anything except talk [to the Chinese about the
problem.] I've got to commend the Chinese negotiators for one thing:
They're able to wait until the Americans leave the room before they
start laughing."

Mr. Sherman and others believe that the Chinese currency is 40 per
cent undervalued against the dollar.

They demand a Chinese currency revaluation.

Mr. Aldonas, the assistant secretary for trade in the Commerce
Department, sought to deflect criticism by emphasizing recent sharp
gains in U.S. exports to China.

He promised tough action in applying American trade laws to unfair
Chinese trade practices.

Mr. Aldonas, himself a trade lawyer, agreed that because so much of
its fast-growing economy is still state directed China can not be
designated a market economy.

He agreed that the Chinese currency is undervalued.

The assistant secretary for trade drew attention to the widespread
Chinese practice of ignoring international intellectual property
rules.

"What we have in China right now using software as an example is that
about 90 per cent of software being used is pirated," he said.

"A fair amount of that is software used in the halls of the Chinese
government. That has to end."

With U.S. presidential and congressional elections looming in 12
months time, China trade is certain to remain a contentious issue.

_______________________________________________________

Another nail in Bush's coffin.

Harry