The real problem for Beijing is that consumption, the only sustainable part of the Chinese economy, looks far softer than officially reported, something evident from the widely followed China Beige Book survey. Spending will not fully recover until the coronavirus pandemic passes, and that is unlikely to happen soon due to China's barely effective vaccines...
In any event, Washington must begin enforcing laws, especially those banning the importation of products made with forced or slave labor.
The larger goal has to be an ending of trade relations with China. "Because the threat posed by China to the United States results from its hostile system and includes economic, technological, and military dimensions, only systemic, not piecemeal, responses can possibly protect critical U.S. interests," Washington, D.C.-based trade expert Alan Tonelson tells Gatestone. "Sanctions against individuals or companies will inevitably produce only pinprick effects, and even these are easily nullified with shell game corporate renamings and personnel changes."
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