From the New York Times:
Even as both economies struggle to recover from the recession, complaints about China have grown: that China gives unfair support to its export-oriented manufacturers, has failed to abide by World Trade Organization agreements, permits the theft of American intellectual property and protects its domestic industry from competition from abroad.
“We do not have a strategic, coordinated United States economic policy, that I can determine, with respect to China,” Senator Max Baucus, Democrat of Montana and the chairman of the committee, told Mr. Geithner.
Mr. Baucus said he was particularly concerned about China’s failure to enforce intellectual property rules. “A prominent C.E.O. of a U.S. software company recently noted that many Chinese companies will legally purchase only 25 percent or less of their software needs,” he said. “They illegally pirate the rest.”
Mr. Baucus said the United States was more oriented to process, and China to results.
