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Continued: U.S. loses High Tech Edge; China Moves Forward

The U.S. has been slipping in its world leadership in high technology. Poor decision making on the part of the Clinton Administration aided China’s rise in this crucial realm.

Shortly before leaving office, President Clinton also agreed to permanent normal trade relations with China. An Economic Policy Institute study  found that “The Administration has proposed to facilitate China’s entry into the WTO at a time when the U.S. already has a massive trade deficit with China. In 1999, the U.S. imported approximately $81 billion in goods from China and exported $13 billion – a six-to-one ratio of imports to exports that represents the most unbalanced relationship in the history of U.S. trade. While exports generated about 170,000 jobs in the United States in 1999, imports eliminated almost 1.1 million domestic job opportunities, for a net loss of 880,000 high-wage manufacturing jobs. China’s entry into the WTO, under PNTR with the U.S., will lock this relationship into place, setting the stage for rapidly rising trade deficits in the future that would severely depress employment in manufacturing, the sector most directly affected by trade. China’s accession to the WTO would also increase income inequality in the U.S. Despite the Administration’s rhetoric, its own analysis suggests that, after China enters the WTO, the U.S. trade deficit with China will expand, not contract. The contradiction between the Administration’s claims and its own economic analysis makes it impossible to take seriously its economic argument for giving China permanent trade concessions.”

The sale of a supercomputer and the major growth in China’s economy resulting from Clinton’s acts allowed China to move rapidly forward in high-tech areas, both civilian and military.

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While China moves ahead, the U.S. has been slipping. A study by Extremetech.com
notes that “Looking back 50 years, you’ll find that R&D spending accounted for just about 12 percent of the total U.S. budget. Now, that has dropped to a bit more than three percent.”

What Beijing did not get through trade agreements or influencing politicians, it stole through espionage, a practice it continues to engage in. In February, notes The Diplomat the Director of National Intelligence, James R. Clapper, delivered his annual threat briefing to the Senate Armed Forces Committee noting that China remains engaged in malicious activities in cyberspace against the United States, despite a U.S.-Chinese bilateral agreement to refrain from conducting or knowingly supporting commercial cyber-espionage.’China continues to have success in cyber espionage against the U.S. government, our allies, and U.S. companies,’ Clapper emphasized. ‘Beijing also selectively uses cyberattacks against targets it believes threaten Chinese domestic stability or regime legitimacy.”