"China's economy continues to be a concern to U.S. policymakers. On the one hand, China's economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on various U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments (especially in terms of protecting U.S. intellectual property rights) and change various economic policies deemed harmful to U.S. economic interests, such as its currency policy and its use of subsidies to support its state-owned firms. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security."
CRS Issue Brief for Congress, IB98014
United States Diplomatic Mission to Italy: http://italy.usembassy.gov/english/