The U.S.-China Economic and Security Review Commission has released its 2014 Annual Report to Congress. In two crucial areas—economic and military affairs, it paints a disturbing picture. In today’s report, we present the Commission’s summary of the challenges represented by Beijing’s trade policies.
China’s unfair practices occur in a number of economic spheres. Last March, The World Trade Organization decided that China broke trade rules by limiting the export of rare-earth metals in an effort to give their domestic manufacturers a key advantage. The practice also has national security implications, since many of the resources in question are key elements in defense industry manufacturing.
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American manufacturers already operate under a number of handicaps imposed by Washington. China’s policies are delivering a further and potentially decisive blow.