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Steve McIntosh Report Blog

Dodging a Chinese bullet

Selling Hawker Beechcraft to a Chinese company could have been a disaster … according to Peter Navarro, public policy professor at the University of California-Irvine.
He directed the film “Death by China”.
In a recent op-ed piece, Navarro writes “The typical Chinese modus operandi is to strip purchased American companies of their designs, processes, technologies and trade secrets, and then quickly move manufacturing operations over to China”. Navarro says the company that negotiated with Hawker Beechcraft partnered with a Texas helicopter company in 2007, and the company’s manufacturing jobs were exported to China.
Were Wichita’s civic and business leaders aware of the company’s record when they visited China prior to the end of negotiations?
Navarro writes “… the nearly 5,000 workers at Beechcraft in Wichita dodged a big bullet when the Beechcraft deal collapsed”.
We buy China’s goods, we borrow their money, but allowing the Chinese to buy U-S companies and ship American jobs overseas is definitely a bad idea.
Our thought for today is from Saint Jerome:
“The scars of others should teach us caution.”

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Locations : CaliforniaTexas
People : Peter Navarro

11/01/2012 1:00AM
Dodging a Chinese bullet
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