"Ed Huntress" wrote:

You may know that I wrote a series of long articles about China trade early
in the last decade, and I had a chance then to talk to a lot of the
government people involved with trade. FWIW, this is my short take:

Everyone involved at that level knows that Chang is right. They also know
that having China and other developing countries get rich as soon as
possible is in the best interest of the US. That's the best way for them to
become a market for us, and to level off trade, through a combination of
increased domestic consumption on their part, increased consumption of
imports, and rising costs -- which are inevitable as they become wealthier.



I've always maintained that the sooner China's standard of living rises, the better it
will be for us. I'd rather be in a race to the top than a race to the bottom.


Wes