Communist China's military power is growing rapidly, and China has billions of U.S. dollars to spend. The U.S. Secretary of Defense's annual report to Congress says that "China has the most active land-based ballistic and cruise missile program in the world. It is developing and testing several new classes and variants of offensive missiles, ... and developing methods to counter ballistic missile defenses." China also has a growing force of mobile ICBMs capable of hitting targets in most of the United States, and China is deploying a large number of short- and medium-range missiles that could devastate its neighbors with a mix of nuclear and conventional warheads. And remember, it's all bought with U.S. dollars.
Communist China recently conducted a space test involving two satellites that rendezvoused several hundred miles above Earth in a maneuver that boosts Beijing's anti-satellite weapons program. Military specialists say that maneuvering close to satellites is a key capability for space warfare. That capability can be used for repairs, intelligence gathering, or for jamming, capturing or destroying enemy satellites.
When it comes to Communist China, the notion of free trade is completely dishonest. China is pumping public funds into its government-run companies, such as the airlines and the steel mills. The World Bank reports that the proportion of industrial production controlled by the Chinese government is increasing rapidly, driven by hundreds of billions of dollars of government spending.
China bases its economic growth on exporting deliberately undervalued goods, and that creates huge trade deficits in the United States and Europe, and is threatening economies all over the world. China has warned that if the U.S. complains about this, China could retaliate by dumping U.S. Treasury bills from their central bank's holding of $2.4 trillion.
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