No problem can be solved until it is clearly understood. What should be clearly understood are these essential truths:
• China’s hyper-rate of economic growth is export driven and ultimately unsustainable.
• China has been able to conquer one export market after another and emerge as the world’s “factory floor” because it “cheats” in the international trading arena using its “China Price” advantage.
• The cheating China Price relies on an extensive array of unfair, mercantilist trade practices, including a wide range of illegal export subsidies, rampant counterfeiting and piracy, and flagrant currency manipulation.
• China’s unfair trade practices also feature environmental, health, and safety standards that are so lax and so weakly enforced ...