The saga of Chinese dissident Chen Guangcheng grinds on. At great risk to his supporters, he was spirited to the supposed protection of the U.S. Embassy in Beijing. Then he emerged with a smiling Ambassador Gary Locke. A deal has supposedly been brokered where he could remain in China, safe from threats, and study. Then it emerged that the authorities told him his wife would be beaten to death if he didn’t come out. And China quickly reneged on the deal. Now, with Secretary of State Hilary Clinton trying to have a summit, a new deal might let Chen come to the United States. Or not.
What does this have to do with us? China is our largest import trade partner. Try to find something made in America, and not just an iPhone. China is our biggest creditor; we’ve fought wars and run up a disastrous housing bubble on debt sold to Beijing. China is also an authoritarian state with a monstrous human-rights record, protectionist trade policies and little regard for intellectual property rights. It is also belligerently confronting its neighbors over resources. America has worked for nearly 40 years to manage China’s peaceful rise and, we had hoped, evolution into a responsible member of the community of nations. It’s now the world’s second-largest economy, but the other problems remain.
As a “consumer” and, more importantly, a citizen, what do you think?
Read on for the best links of the week and the haiku:
This Week’s Links:
Today’s Econ Haiku:
Soft rain falls in May
Doesn’t dampen Facebook hype
IPO not jobs