This is interesting.   And odd. 

China is adopting antitrust laws.  The U.S. is gutting its antitrust laws.

The law marks another step toward a market economy and away from a centrally planned economy in which a series of giant state-owned enterprises held vast and unchallenged monopolies.

China is moving away from central planning.  American agriculture is moving towards central planning by the bureaucrats at Cargill, Tyson, and Smithfield.

The law’s most controversial provision, added this summer, calls for the government to conduct more formal reviews of foreign purchases of Chinese companies based on their potential to harm national security, including economic security.

China wants to review and block foreign purchases for national security reasons.  The U.S. is endangering national security by selling off or outsourcing its major economic sectors relating to high technology (Seagate), defense, food production, investment (Blackstone) and basic manufacturing.

China has maintained most tariffs and export subsidies while appearing to cut them, merely by changing their names to value added tax charges on imports, and value added tax rebates on exports.  The U.S. unilaterally cuts tariffs even as virtually all its trading partners do the same switch-a-roo as the Chinese.

China has a fast growing economy, a huge credit surplus, and a huge trade surplus.  The United States does not.

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