JANUARY 19, 2011As the NYT points out, the U.S. corporate establishment has on balance been supportive of the status quo in U.S.-Chinese relations. The steel companies complained about dumping, but Walmart and multinationals were quite happy with the cheap labor China provided and the huge potential of its market.
Now, with continued intransigence by China with regard to Western access to its internal consumption market, corporate America is putting more pressure on Washington to put more pressure on China. American multinational corporations, experts said, are hurt by Chinese regulations that openly favor Chinese companies over foreign ones for government contracts. These rules, which are intended to stimulate technological innovation in China, have the effect of cutting American and other non-Chinese companies out of many of the big contracts there.