While it’s not news to most people that read the news, Chinese President Hu Jintao recently visited the United States to strengthen economic ties with the United States.  But I look at this trip more as an inspection by China’s leader to see how its largest debt consumer is doing.  Regardless, ahead of the trip the Chinese President announced $600 million in deals with American businesses.  This is standard procedure for China and is intended to smooth the rhetoric before arrival at most countries the President visits.

The trade deals announced ahead of this visit were very troubling.  General Electric, one of America’s largest multinational corporations known for innovation, had announced plans to build jet engines for the Chinese.  Many of us know about China’s horrible regards to intellectual property rights.  But even more troubling then this is that for GE to get the deal they essentially have to hand over the design plans for their engines.

It’s bad enough that China has taken many of our manufacturing jobs.  Now the Chinese are taking our blueprints to build jet engines.  This has military implications as well, since GE engines can be retrofitted for military aircraft. Read the rest of this entry »

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