If there were ever a good reason to rethink the U.S. free trade policy with China, which sends our middle class manufacturing jobs to workers in China who labor under inhumane conditions for 30 cents an hour, this should be our wake up call.
The trade imbalance has given China's treasury billions of surplus dollars to spend on building up their military might. Our closets and knick-knack shelves are overflowing with cheap goods from China. It's becoming difficult to find much of anything produced elsewhere. It's time to change our spending habits.
Even Condi is beginning to have her doubts.
By ANNE GEARAN, AP Diplomatic Writer
Rice: US Concerned about Rising China
The United States has some concerns about a rising China, including a military expansion that may be excessive, Secretary of State Condoleezza Rice said Friday.
Beijing has spent heavily in recent years on adding submarines, missiles, fighter planes and other high-tech weapons to its arsenal and extending the reach of the 2.3 million-member People's Liberation Army, the world's largest fighting force.
Its reported military budget rose more than 14 percent this year to $35.3 billion, but outside estimates of China's true spending are up to three times that level.
"There are concerns about China's military buildup," Rice told a television interviewer. "It's sometimes seemed outsized for China's regional role." ...
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