At the beginning of his U.S. tour last week, China’s President Xi met with 650 U.S. business leaders in Seattle. Seattle was a natural place to visit.  It is home to the factories of one of America’s largest great export industries – Boeing. It is also a center of America’s tech industry. Xi came to woo them. He reassured them that China will not discriminate against foreign businesses. He announced a large new aircraft order, one which came with the customary quid pro quo.  Just last week Boeing announced that it will build an aircraft plant in China.  We’ve seen this script before many times. Just a few months ago, GM made plans to import cars from China for sale in the United States.  This follows many years of  GM’s ‘collaboration’ with Chinese companies. Without doubt China has acquired much valuable industrial technology from the American firms that located factories in China. China is also...(Read Full Article)