Re:When It Comes to China, Google’s Experience Still Says It...
by hollerith on Thursday August 04, 2016 @01:02PM
(#12226933)
Uh, the US government's granting China most-favored-nation trading status was certainly a conscious decision, and China would not be as far along economically if the decision had gone the other way. (Driving a wedge between China and the Soviet Union was the main reason behind the decision IIUC.)
Simple market dynamics caused this, albeit caused by market manipulation on China's part. China buys US debt, lowering the value of the Chinese dollars to the US dollar, making stuff in China dirt cheap.