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Two key players shape Bush administration's pro-China stance
From East Asia Intel, subscription.The Bush administrations pro-China policies are the result of the growing power of two key players: Treasury Secretary Henry Paulson and White House Chief of Staff Josh Bolton. Both are staunchly pro-Beijing and have sought to prevent Chinas repressive human rights practices and unfair trade policies from influencing U.S. policy, said administration officials opposed to their pro-China policies. They also have sought to make sure that U.S. national security officials are not permitted to influence China policy with growing concerns about Chinas military buildup and intelligence activities. Who are they working for? Chicoms, themselves, or the US? We wouldn't like to get silly details like human rights violations and ripoff trade policies to get in the way of their business. Both Paulson and Bolton are former Goldman Sachs executives. The financial company, which has made hundreds of millions of dollars in business in China, is believed to be involved in a national conflict of interest in that it is headquartered in the United States. Paulson said in a recent speech that U.S. trade with China is helping to reduce influence and he supports the Strategic Economic Dialogue since it is supposed to help the economic relations between both nations. According to U.S. sources, Paulson said in March 8 speech in Beijing that China is a non-market economy with a tightly managed currency and is unnaturally integrated into the global economy in goods and services but not on capital markets and currency. He urged more flexibility by China in the short term so it can get to real market determination...and the key to that is capital markets reform. Concerning Congress' role in China policy, Paulson said: Its very important. I explain to China that people on both sides of the aisle are concerned about trade issues, and they reflect the concerns of the American people ... look at the poll data ... many people are beginning to question whether the benefits [of trade] are shared equally, distributed equally. I very strongly believe that trade is better than isolationism. Trade has indeed worked very well, for you, sir. Paulson said he hesitated before taking the Treasury post because he feared protectionist sentiment in the United States and nationalism and protectionist sentiment in China. Posted by: Alaska Paul 2007-05-18 |
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