Why is it that it takes the BBC to do a story about how Chinese investments in the United States create jobs?
We have President Hu coming to the United States to visit President Obama and the U.S. Congress but on the day before Hu’s arrival, there are no scene setters or even a look at the political or economic relationship between the two countries. (Maybe those stories will be run on the day Hu arrives. One can only hope.)
But the China-US story is not just an aggressive Chinese military or massive violations of human rights or of U.S. jobs lost to Chinese factories. As the BBC report points out, it is also about Chinese investment in U.S. jobs.
I like the fact that the BBC reporter went to Indiana to profile a factory that went from 15 people to more than 400 employees. That is job creation thanks to free trade and open borders.
If the anti-trade, pro-isolationists get their way, all those U.S. dollars that are being sent to China for goods or for debt will go to some other country. Whenever a country makes itself unfriendly to foreign investment or foreign products, it always hurts itself much more than it hurts it erstwhile trading partners.
It would be nice if we could see more reporting in the U.S. about the complex nature of trade instead of the too often one-sided “they are taking jobs from us” reports.