Correct Thinking on China

The United States has been trading with China since 1784, the year a U.S.-flagged ship set out from New York for Canton. American missionaries were preaching in China by the 1830s. For some 80 years now, the United States has gone out of its way to help China, starting with the embargo on oil exports to Japan on August 1, 1941. Then after that war was over, China was included as one of the five permanent members of the UN Security Council despite it being in a civil war at the time. The expectation was that China would eventually join the community of civilised nations and make a positive contribution to the world. The big leg up for China was the granting of Permanent Normal Trade Relations by the U.S. Congress in October 2000. This became effective when China joined the World Trade Organisation at the end of 2001. The consequences for U.S. workers were immediate and dire. U.S. manufacturing employment had fluctuated around 18 million workers between 1965 and 2000 before plunging...(Read Full Article)