Well, even Obama has limits to his patience. Given that the World Court at the Hague came out against China's territorial claim in the South China Sea(a case brought by the Phillipine Islands), Obama made a statement that China has not reduced or eliminated export duties on rare metals such as tantalum, which in turn provides a subsidy for China's domestic electronics industry and industrial capacity. The applications with the WTO will be in jeopardy now.
In the EU, Mr. Juncker says that China continues to dump steel in the EU at below cost. Steel is the one commodity that affects manufacturing worldwide, and China has been instrumental in its pricing by maintaining operations and production at steel mills that are state controlled, heavily in debt, and are without domestic needs whatsoever. This in itself constitutes state subsidy.
Now we have a Chinese company that wants to by Paramount Entertainment of the US. Is this a good thing? NO. Perhaps, in light of the Communist governments reaction to the Hague decision, investment in US domestic companies should be put on hold by the State Department. Maybe the aggressive posture of the Chinese Navy in the South China Sea should be recognized for what it is: aggressive land grabbing from smaller nations that exist on the perimeter(Vietnam, P.I., Brunei, Australia, Malaysia, Singapore, Taiwan, and Korea, and Japan).
The world knows that China's economy has been in recession for some time due to over production and poor banking policies, but that does not in any way necessitate political hubris on the international stage for it is unacceptable.
Obama has months to go in his final term. Kudos to him for confronting the Asian tiger.
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