It will take one act of congress to settle this debate. That act will be to have open and transparent and PUBLIC disclosure of corporate operations in China using all of these new found accounting standards.
It will take minor retooling, such as requiring the numbers to seperate out what is exported revenues vs what is actual in country sales. Also seperate out what is sold to other US corporations, as well as what is sold to the government.
Instead of looking at this big mass and fighting over "China", why not look at the nuts and bolts, just like they do everywhere else, except in China of course.