The Politburo of the Communist Party of China Central Committee met last week. After reading several posts by respected China hands reporting on this high-level meeting, I was struck once again by a significant deficit America suffers from in dealing with China. Most of us do not understand the language official China uses to express itself and therefore too often miss the real story. Zhongnanhai Leadership Compound, Beijing The Politburo meeting set priorities for China’s ec

Chinese ship in Jiangsu, China (photo by Bing Shang on Unsplash.com) The rush of Chinese products in global markets is not caused by dark strategy or deceitful subsidies. It’s driven instead by something more dry and powerful: the fact that China’s tax and financial systems encourage companies to build more and faster over efficiency and profitability. It’s not ideology. It’s incentives, math, and momentum. And, lest I forget, the Chinese also make good stuff. Taxation China’