For Americans, a Danger from China

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By Douglas A. McIntyre Published
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Americans understand the benefits of a strong relationship between the United States and China. They also see the drawbacks of the growth in influence of the People’s Republic. That second sentiment may trump the pursuit of better relations and color the future of ties between the two countries — or lack of one. This will be particularly true as election day gets closer.

A new Gallup poll shows that:

Most adults and opinion leaders in the U.S. say a close relationship between the U.S. and China is a good thing for the U.S. About eight in 10 Americans and 88% of U.S. opinion leaders say this, a Gallup-China Daily USA study finds. However, about six in 10 in both groups say China’s growing influence in the world is bad for the U.S.

This data suggests that Americans, in large numbers, do not trust the Chinese. The Chinese have done a great deal to foster that. The probable manipulation of the yuan has caused the U.S. trade problems. China is thought to be the source of much of the hacking activity that has compromised protected corporate and government websites. The Asian nation is still a sinkhole for American intellectual property, mostly software, consumer electronics and premium entertainment. In a number of industries, it is all but impossible for U.S. firms to gain entry to the Chinese market. China continues to be viewed as a nation that puts its own prospects ahead of others at nearly any cost.

The upcoming national election will be in part a referendum on China’s relationship with the U.S. Both political parties have shown tendencies to paint China as a threat to American interests. It has become popular as U.S. jobs still seem to go overseas to nations with lower costs of labor. China’s military build-up is a growing cause for worry. And trade manipulation has stayed in the headlines.

Whatever level of desire Americans have for a better relationship with China, it seems, are overwhelmed by mistrust, Gallup shows. The fear of China does make the country a convenient target for politicians who have to fight for their jobs this fall. That will mean China’s image will be beaten down even more than some of the current Gallup answers show.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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