Surprise, surprise.  The U.S. China  Economic and Security Review Commission released its most recent report.

The commission, consisting of six Democrats and six Republicans, says in its unanimous report that China's military modernisation and its "impressive but disturbing" space and computer warfare capabilities "suggest China is intent on expanding its sphere of control even at the expense of its Asian neighbors and the United States."

In case you forgot, China is our biggest banker and our most powerful economic and military rival.

[The report] quotes the Chinese military strategist, Wang Huacheng, as describing US dependence on space assets and information technology as its "soft ribs".

What does our new president think?  We'll see.

During the presidential election campaign, Barack Obama said: "China is rising, and it's not going away," adding that Beijing was "neither our enemy nor our friend; they're competitors".

The U.S. needs to work, strongly over a multi-year period, to lessen and eliminate our trade deficit with China, to lessen and eliminate our reliance on China as a lender, and to regain our own strength.

We don't want to start a trade war?  Folks, we are in one now.  We don't need to be hostile, but we need to determinedly protect our interests.  This is not paddy cakes.

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