Where Do the Candidates Stand on China?
Of the four candidates still standing, Ron Paul seems most amenable to peaceable engagement with China, even as he recognizes the difficulties that such relations would present. According to The Diplomat, if elected President Paul would terminate America's spy plane missions over China. He would reject a possible tariff on imported Chinese products in retaliation for Beijing's manipulation of the yen. Paul reportedly favors reconsideration of the Taiwan Relations Act, and opposed a Congressional resolution congratulating Chinese human rights activist Liu Xiaobo on his receipt of the 2010 Nobel Peace Prize. Beijing might be well-pleased if Paul took the Republican Presidential nomination, though the chances of that appear to be dwindling with each Republican primary and caucus.
Santorum and Gingrich
Rick Santorum's stance on China appears to be based, as are many of his positions, on his personal religious convictions. While Santorum has made few specific proposals on how to handle China, his rhetoric has been fiery. In a blog post titled, "10 Steps to Promote Our Interests Around the World," Santorum wrote that "China should be challenged on religious liberty rather than be given a veto on the human-right activists we wish
Interestingly, Santorum went on to observe that China and Islam "are competing for the hearts and minds of much of Africa, and we cannot turn our back from the investment and commitments we have made." Santorum appears to see diplomacy primarily as a battle of religious principles and, if nominated for president, would presumably argue that America should use foreign aid money to promote his strongly-held traditional Christian values around the world.Perhaps surprisingly, the feisty Newt Gingrich has essentially sidestepped specific criticisms of China and its policies. Instead, Gingrich has focused on strengthening America's ability to compete worldwide with China and, presumably, any other country that poses an economic challenge. His optimistic emphasis on beefing up American competitiveness undoubtedly plays well with Republican voters. However, If Gingrich were to win the Republican nomination, he would be wise to develop a fuller and more specific position on China before debating President Obama.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts