RE ECONOMIC STIMULUS ARTICLE NYT CHINA

The most important point was that China, in 2009, had required virtually all of its own 600B economic stimulus package be spent within China.

Japan had taken similar measures in the 50s through 70s, very successfully.Trading Places is a classic exposition. MITI is also useful.

The US has had no domestic industrial trade commercial policy which might compete with such strategic measures. In fact, its policies have made such policies possible.