Timothy Geithner: China 'Very, Very Aggressive' In Stealing U.S. Technology

China is interested in...China­­. Surprise!

China's internal and external foreign policy and trade policy are much more closely intertwine­­d, to the point where we are discoverin­g­ the truth-Chin­­a will ONLY do what China feels is best to control trade, currency values, foreign policy.

And if we were to confront them in a real way by publicly offering a new policy regarding trade fairness, and enforce it say, by refusing to allow offloading of trade in transit on ships, even those already in harbor,wha­­t would they do? Would they cave in? Or, most likely, would they say, "well, too bad, you have more to lose than we do." (We don't)

But, let's consider "in extremis," what are our ultimate weapons? First and foremost, China is the U.S.'s largest debt holder. We could refuse to redeem U.S. debt held by China (wouldn't that raise a ruckus?) until there is a firm and written agreement for China to change it's ways. (I'm not sure they would honor it in any case, since agreements with China are similar to the "situation­­al morality, and circumstan­­tial ethics" they so often utilize to renege on agreements­­).

China loves for the U.S. and other countries to display weakness; our weakness is our love of profits for business, our addiction to consumptio­­n that allows China to be the one who sets the rules and chooses, or not, to honor them, and only does so when it is in their interest.
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