Looks like we've resorted to begging China to create US jobs

[rainbow4321]

http://wikileaks.ego-world.org/cable/2010/01/10BEIJING231.html

5.(C) Yet, with ten percent U.S. unemployment, more than ever before we must ensure that our relations with China continue to pay real dividends -- especially in creating jobs for Americans. China is the world,s fastest growing major economy and should be providing opportunities for U.S. goods and services exports. Chinese companies, thanks to government-backed loans, monopolies and preferential treatment, are awash in cash and should be a source for investment in the U.S. economy -- investment that would help maintain and create jobs in the U.S. And, China,s rapidly growing middle and upper classes, while still only representing a fraction of its population, measure many tens of millions. They should provide an enormous pool of potential consumers of U.S. goods and services as well as tourism and education in the U.S.

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7.(C) Many in China perceive the U.S. as closed� to Chinese and Chinese companies. Chinese businesspersons looking at investment opportunities around the globe are confused and intimidated by the different investment regulations and promotional activities in the fifty U.S. states. Businesspersons, potential tourists and students remain confused by U.S. visa regulations and, particularly in contrasting them with those of our competitors in Japan and Europe, perceive them as more restrictive than they actually are, even seeing them as “hostile� to Chinese travelers. Many Chinese and some U.S. firms complain that U.S. export controls are out-dated and costing us business as Chinese buyers travel to Europe to buy the same goods or services they cannot buy from American suppliers.


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9.(C) Recent issues related to indigenous innovation, express delivery and on-line music content, for example, underscore that USG complaints about discriminatory policies - absent a credible threat of retaliatory action or other leverage -- are falling on increasingly deaf Chinese ears. China,s relatively strong economic position in the wake of the global financial crisis has intensified that trend. As has Chinese hubris that it can call the shots and determine the playbook under which it operates without disclosing the same to foreign firms. While WTO dispute settlement has worked well when applied, many of the problems we face in China,s market do not fall within WTO disciplines. We may want to consider ways to toughen up our talking points and enhance the use -- or perception of likely use -- of other real “sticks� in order to achieve market opening, job-creating objectives. This will require some consideration of just how much disruption in our economic relations we are willing to countenance if we must carry through on threats


12.(C) Apart from misperceptions of an unwelcoming political Environment and periodic complaints that key high tech investments are denied routinely due to CFIUS concerns, Chinese companies view the U.S. economy as an attractive investment destination. Dispelling harmful myths and actively promoting direct Chinese investment would help us capture a larger share of China,s rapidly growing ODI levels (PRC ODI to the world roughly doubled from $27 billion in 2007 to $56 billion in 2008), which in turn would create more U.S. jobs. In this regard, the following steps should be considered:

-- THE INTERNET. We should create many more Chinese language websites that are directed at key secondary and tertiary cities in China. The more we facilitate access to information about American business opportunities -- whether through a national database or enhanced state and local databases -- the better. We believe thinking local, start-ups and grassroots first is the preferable way to go in using the Internet

[madrchsod]

1. we don`t have to beg but we do.