“China argues that some American companies will suffer if China stops subsidizing manufacturing and adjusts their currency to market levels. They’re right. The fight over Chinese violations of trade rules is also another story about Wall Street and big, monopolistic corporations vs Main Street and American workers. A China Daily story says China’s huge export surplus is being ‘misread.’ The Chinese government says that US companies — the ones who close US factories, lay off workers, devastate communities and throw the costs onto the government — are also beneficiaries of China’s government subsidies.” (03/16/10)