By the end of this month, America and China may be exchanging blows in a trade war. The reason, famously, is that Chinese factories bootleg Whitney Houston's CDS and Microsoft's computer programs, and that boxes of "Kongalu Cornstrips" look suspiciously like cartons of Kellogg's corn flakes. Many of these moans, such as the cause of the impending corn-flake war, are quite legitimate— and have therefore rightly led to China's exclusion from the World Trade Organisation for the time being. But intellectual-property theft is not the only cause of American ire at Chinese trade practices.
展开▼
