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China's strategy has now changed: they used exports to build massive growth in their economy, but they are now using their exports as a kind of economic weapon that can be used in much the same way that Amazon crushed their competitors by artificially lowering prices to put others out of business...then raising the prices once they were the only game in town. China is doing something similar by making their currency artificially cheap to boost exports and by subsidizing production. Developed nations are taking note and building up their own industries again that were largely decimated by offshoring. Without protectionism, Chinese companies will threaten domestic businesses that are critical to the functioning of our economy. China is trying to save its ailing economy by dangling ever-cheaper goods to the world, but the world should not fall for this ploy.


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