Testimony Before U.S. House Foreign Affairs Subcommittee on China’s Threat to U.S. Advanced Industries
China is flouting global rules and norms governing trade and economic policy, threatening the U.S. economy and its advanced-technology industries, as well as the entire global economy, testified ITIF before the U.S. House Foreign Affairs Subcommittee on Asia and the Pacific. It’s time for a new response to China’s “innovation mercantilism” that moves beyond passive dialogue and toward constructive, alliance-backed confrontation. U.S. policymakers should lead an international coalition that pressures the Chinese government to stop rigging markets and start competing on fair terms.