Monday, May 8, 2017

China is bent on world domination — but not in the way you think


China is bent on world domination — not with its missiles and aircraft carriers, but by controlling solar energy, cloud computing and other industries of the future. That is an only slightly exaggerated version of a warning coming from the American chamber of commerce in China. It sent a delegation to Washington last week to warn that “China’s aggressive mercantilist policies are one of the most serious threats facing the future of U.S. advanced technology sectors,” as their policy paper says — and that the U.S. government isn’t doing enough to counter the threat. The warning is especially startling coming from AmCham China, as it calls itself, which for years flexed its advocacy muscle persuading the United States to let China into the world trading system and rebutting Americans who it felt were too hard on China.

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