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Update on National Security
Author and scholar Frank Gaffney has called to our attentionan important warning issued by the bipartisan blue-ribbon U.S.-China Economic and Security Review Commission: "Over the past year, on balance, the trends in the U.S. China relationship have negative implications for our long-term economic and security interests."
Update on Trade with China
The U.S. deficit with China soared to $202 billion with no end in sight as Americans keep consuming more products than we produce. Two bills pending in Congress show Members' concern with China's trade policies. One measure would impose 27% tariffs on Chinese goods if China does not quickly move its currency to higher levels against the dollar. Another pending bill would subject most-favored-nation privileges granted to China to a vote in Congress each year.Washington Times, 2-20-06)
Update on Theft by China
Chinese technology theft is on the rise. Chinese agents have illegally purchased or were caught stealing night-vision technology, restricted electronic components, embargoed components for precision-guided missiles, radar and electronic warfare, and communications system, according to Immigration and Customs Enforcement officials. China also tried to buy encryption devices that are embargoed for export and computer software used in missile development. China tried to buy parts for F-4 and F-5 jets and Hawk missiles from U.S. suppliers in order to reship them to Iran. Pentagon officials say it is difficult to determine how much technology China has obtained because China often uses third-party nationals to obtain embargoed goods. Washington Times, 7-04-05
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