Nytimes.com
Jan 23, 2011
In the 1980s, the United States faced an unnerving challenge from a rising economic powerhouse and export dynamo. It was an impressive challenger, to be sure, but one that often bent rules of global competition unfairly to its advantage by handing out financial subsidies to domestic companies, discriminating against foreign suppliers in government contracts, pilfering Western technology and keeping its currency cheap. Three decades later, Americans are hearing an echo of the past. Yet this time, the object of admiration and angst is not Japan Inc., but China Inc.
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