|
|
Article: China Today Differs From Japan in 1980s
- Article from:
- AP Online
- Article date:
- August 19, 2005
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
RACHEL BECK, AP Business Writer
AP Online
08-19-2005
Dateline: NEW YORK
It sounds like history repeating itself: The United States faces a huge trade deficit with an Asian country, which is also under intense scrutiny for its interest in buying U.S. assets and having a currency many deem undervalued.
Today, that best describes how China is viewed. Two decades ago, Japan came under U.S. criticism for its growing global presence, and that spurred all sorts of protectionist talk out of Washington.
The Japanese hysteria eventually died down as the country fell into a long recession. But don't look for that to happen with China, where its politics combined with its potential for growth may make it ...