China is crushing the U.S. in ‘economic warfare’

Sunday, July 3, 2016
By Paul Martin

by Heather Long
CNN.com
June 30, 2016

It’s China 1, USA 0 when it comes to so-called “economic warfare.”

As China has risen to become the world’s No. 2 economy, it has repeatedly used its business and financial clout to get what it wants on the world stage, say foreign policy experts Robert Blackwill and Jennifer Harris.

When Norway gave Chinese dissident Liu Xiaobo the Nobel Peace Prize in 2010, China dramatically scaled back its salmon purchases from Norway and halted trade talks. When tensions escalated between the Philippines and China over a territorial dispute in the South China Sea, China let Philippine bananas rot in its ports.

Over the years, Beijing has retaliated so strongly by cutting (or threatening to cut) business ties with any nation recognizing Taiwan that only 22 nations still formally call Taiwan the “Republic of China.”

These are only a few examples that Blackwill and Harris lay out in their new book, “War by Other Means.” Their thesis is simple: The U.S. should be using similar tactics to China’s — and doing it better. Right now, America is getting crushed.

The Rest…HERE

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