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Chinese banks have a lot of bad government (their government) loans on their books. The number of internal violent protests are increasing because of government corruption facilitating developer land grabs and general inflation. China will probably implode on its own. This legislation is a waste of time. Amazing that China has kept the lid on this long. China is a big consumer of luxury goods, yet the great unwashed masses scrape to live. At some point the average Chinese has to wonder what happened to “from each according to his ability, to each according to his needs”.

Amazing that China has kept the lid on this long. China is a big consumer of luxury goods, yet the great unwashed masses scrape to live. At some point the average Chinese has to wonder what happened to “from each according to his ability, to each according to his needs”.

China can't beat us militarily, so they are trying to beat us economically on all fronts, from electronics to aviation to military hardware, and that's not even getting into all of the wheeling and dealing that China is doing with our banking and financial industries. If they can keep the lid on things and take enough American jobs, they'll be able to grow their middle class while ours shrinks.

The aviation and military hardware particularly concern me - China has made it publicly known that they plan on competing with us in both of those areas. Aviation and military contracts, even those that have systems sub-contracted out to other companies/countries (including China) are a strong part of our economy. If China can stick their nose in that door and take some of those contracts away, we're in trouble.

Those are jobs that cannot be easily replaced. China can be very patient and take a very long term view. We're probably only a few decades from seeing China being able to manufacture larger weapons systems from start to finish (such as larger ships) and selling those to other countries and beating out American contracts. Today they are working with Boeing on airliners, tomorrow they are manufacturing the entire airline. It's frightening to think about our economic future when you look at what China is doing.