John Sarbanes: “Consider'' is not the right word. They do not say, ``We would like you to consider.'' The Washington Post ran an article…”

“Consider'' is not the right word. They do not say, ``We would like you to consider.'' The Washington Post ran an article just the other week, and here is the heading of the article: ``China Plays Rough. Invest and Transfer Technology or No Market Access.'' And that article then described how China forces U.S. companies to transfer jobs and technology as a price for getting export sales. So, in effect, what they say is, ``We won't take any of your exports if you don't give us the investment and the technology so we can then produce them ourselves.'' So what are our people doing? In order to get these short-run exports, they give away the capacity to maintain a long-run position. And the Chinese, in effect, extract that capacity out of them. So, yes, they make a short-run purchase, but at the same time they are getting the investment and technology so they do not have to make long-run--not only will they not make long-run purchases, but, mark my word, they will be exporting these products themselves elsewhere in the world. Not only will they, in effect, close our people out from getting into the Chinese market; they will become their competitors in other markets on the basis of the investment and the technology that our people transferred to China in order to get these short-term sales. That is exactly what is going to happen. And the consequence of that is our trade position will continue to deteriorate, and we will go on to become an even bigger debtor nation.”