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Romney Will Lose in China 'Cheater' Debate

Lewis said the Chinese government has set aside a massive amount of cash to grow particular sectors of its economy. Many of these sectors are areas where U.S. companies have substantial advantages and are in the position to seize investment opportunities, whether they take place in China or here in the form of overseas direct investment in the U.S.

Instead of repeated slams against the Chinese and blaming the president for China having taken advantage of trade partnerships, Romney could benefit from a more positive message that is focused on investment rhetoric. It may be the formula that would convince voters that Romney is smart on China while also striving to protect American interests.

Ultimately, decades of stable U.S. policy toward China may be resilient to changes regardless of who wins in November.

"Whoever wins, the policy that comes out on the other side is not going to look very different, in my view," said Fingar.

-- Written by Joe Deaux in New York.

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