What Arrows the US Has to Use against China?Posted: April 19, 2017
According to Reuters’ report titled “U.S. business group urges Washington to ‘use every arrow’ against China”, US business group is quite bellicose in dealing with China. I wonder whether they want to fight a trade war to shoot China with arrows. I am really sorry that I see few arrows in US quiver, especially those to be used for US business in China.
Anyway, it is ridiculous that in our era of stealth fighters and GPS guided missiles, some people still want to use arrows in war. However, that is really the sorry situation for US business in China as Chinese investment is insignificant in the US while US investment in China is very great, but China can easily drive away US investment as China has not only the financial but also the technology resources to drive away US business from China now though China may suffer some losses in a trade war with the US.
However, the losses will mainly be caused by US restriction on China’ exports to the US instead of by US business leaving China. Even if China lacks the financial and technology resources, Japanese and European businessmen will be happy to have the opportunities to replace US investment.
Comment by Chan Kai Yee on Reuters’ report, full text of which can be viewed at http://www.reuters.com/article/us-china-usa-business-idUSKBN17K0G8.