These are the kinds of stories that the politicians and their spin doctors love. Makes it sound like great things are happening for American workers. As a result the US should start doing more and more deals with China. Hence Jeff Immelt’s appointment as some kind of biz czar followed immediately by the announcement that GE has won a bunch of new contracts in China.
Uncle Sam’s balls are mighty tight in the Chinese vise but most of our politicians are so intoxicated by their lust for power that they don’t feel the pain and realize their nuts are about ready to vaporize. Read more