The China Conundrum – are we headed for a supply chain meltdown?

Last week, Congressmen Mike Conaway (R-TX), C.A. Dutch Ruppersberger (D-MD), Jim Himes (D-CT) and Will Hurd (R-TX) Wednesday introduced bipartisan legislation that would strengthen the government’s response to international technology theft and supply chain risks posed by China and others global competitors. Said Congressman Hurd, who has just been named to the House Appropriations Committee:

China’s coordinated assault on American companies, the U.S. government and American intellectual property is part of a broader strategy aimed at attaining leadership in advanced technology and 21st century great power politics. My Take

Even if the U.S. and China come to some sort of trade truce by the next deadline in March, it seems unlikely that the China-U.S. relationship will return to the days when American companies viewed China as simply a reliable source of cheap labor or potential access to the world’s biggest market.

Source: diginomica.com