US' China policy a `total failure': Pelosi

The leader of the Democrats in the US House of Representatives on Thursday denounced Washington's China policy as a "total failure," particularly with respect to the spiraling US trade deficit.

"There has never been any good faith on the part of the Chinese to act in a way that is fair, that honors the opportunity that we give them to grow their economy by using our markets for that growth," Minority Leader Nancy Pelosi said. "As a result, much sensitive technology, some of it related to weapons of mass destruction, was exported from China to unsafe countries."

Because of misguided US trade policy, "the trade deficit has soared, and religious repression continues, and we are up the creek," she told reporters at a press conference.

http://www.taipeitimes.com/News/front/archives/2005/05/21/2003255989

during the Clinton years. The theory during the last 20 years of Repub and Dem administrations has been "by opening trade we can influence Chinese domestic policies." This sounded like a sell-out then and even more now. The only difference is now China has more of a hammer and is a position to just laugh at comments on their repression. I am very disappointed in our ignoring the plight of those in Tibet and the subjugation of religious freedom in China.

there was major hype on the 1.3B "consumer market"...which of course
clearly doesn't exist due to their standard of living..
and more wanting that 1.3B slave labor market. But the trade
agreement was pressured by multinationals which of course
our representatives sell the middle class out to over and over again.

if we didn't borrow so much money from the Chinese Communist Government. Looking around at "freedom" and "democracy" and "human rights" in America and you really wonder who's influencing whom.

to grow their economy.

Hello from Germany,
is this the final stage of U.S. Madness????

If China pulls the Dollar-Plug, it might become less funny to speculate about who gave opportunities....
It must have been the sympathy of the U.S.A. to allow China it's economic growth, while every single country that did follow Clinton's or Bush's neoliberal Wall-Street-Idiotism failed....

Dirk

lol.
this will get some interesting responses.