Resolved: The United States federal government should substantially increase its economic and/or diplomatic engagement with the People’s Republic of China


NC/1NR Global Economy #3—BIT Hurts the Economy



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2NC/1NR Global Economy #3—BIT Hurts the Economy

They say __________________________________________________, but

[GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]


  1. Extend our evidence.

[PUT IN YOUR AUTHOR’S NAME]

It’s much better than their evidence because:

[PUT IN THEIR AUTHOR’S NAME]

[CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]:

(it’s newer) (the author is more qualified) (it has more facts)

(their evidence is not logical/contradicts itself) (history proves it to be true)

(their evidence has no facts) (Their author is biased) (it takes into account their argument)

( ) (their evidence supports our argument)

[WRITE IN YOUR OWN!]
[EXPLAIN HOW YOUR OPTION IS TRUE BELOW]

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

[EXPLAIN WHY YOUR OPTION MATTERS BELOW]

and this reason matters because: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________



  1. The Chinese only buy American companies to get technology and military secrets



Morrison, 2015 [Wayne, Specialist in Asian Trade and Finance, “China-U.S. Trade Issues”, December 15, https://www.fas.org/sgp/crs/row/RL33536.pdf]
Some critics of China’s current FDI policies and practices contend that they are largely focused on mergers and acquisitions that are geared toward boosting the competitive position of Chinese firms and enterprises favored by the Chinese government for development (some of which also may be receiving government subsidies). Some argue that such investments are often made largely to obtain technology and know-how for Chinese firms, but do little to boost the U.S. economy by, for example, building new factories and hiring workers. Another major issue relating to Chinese FDI in the United States is the relative lack of transparency of Chinese firms, especially in terms of their connections to the central government. When Chinese SOEs attempt to purchase U.S. company assets, some U.S. analysts ask what role government officials in Beijing played in that decision. Chinese officials contend that investment decisions by Chinese companies, including SOEs and publicly held firms (where the government is the largest shareholder), are solely based on commercial considerations, and have criticized U.S. investment policies as “protectionist.” According to the Foreign Investment and National Security Act (FINSA) of 2007 (P.L. 110-149), the Committee on Foreign Investment in the United States (CFIUS) may conduct an investigation on the effect of an investment transaction on national security if the covered transaction is a foreign government-controlled transaction (in addition to if the transaction threatens to impair national security, or results in the control of a critical piece of U.S. infrastructure by a foreign person).53 The House report on the bill (H.Rept. 110-24, H.R. 556) noted: “The Committee believes that acquisitions by certain government-owned companies do create heightened national security concerns, particularly where government-owned companies make decisions for inherently governmental—as opposed to commercial—reasons.” There have been several instances in which efforts by Chinese firms (oftentimes these have been SOEs or state-favored firms) have raised concerns of some U.S. policymakers and/or U.S. stakeholders:  In July 2015, several U.S. media reports stated that Chinese state-owned Tsinghua Unigroup Ltd. was seeking to acquire Micron Technologies (a memory and semiconductor technology producer) for $23 billion.54 Such reports prompted Senator Charles Schumer to send a letter (dated August 12, 2015) to Secretary of the Treasury Jacob Lew, stating that he was “deeply concerned with the potential national security and economic ramifications of allowing a Chinese state-owned enterprise (SOE) to acquire a major U.S. technology firm, especially the principal American manufacturer of computer memory chips.” He further urged the disapproval of any Chinese acquisition of a U.S. technology firm by a Chinese SOE “until China has undertaken reforms to their existing policies that constrain U.S. technology firms’ access to China’s markets and violate U.S. intellectual property rights.”55

2NC/1NR Global Economy #4—Economy Stable Extensions



They say The global economy is on the brink of collapse, but

[GIVE :05 SUMMARY OF OPPONENT’S SINGLE ARGUMENT]



  1. Extend our Reuters evidence.

[PUT IN YOUR AUTHOR’S NAME]

It’s much better than their Council on Foreign Relations and Whitefoot evidence because: [PUT IN THEIR AUTHOR’S NAME]

[CIRCLE ONE OR MORE OF THE FOLLOWING OPTIONS]:

(it’s newer) (the author is more qualified) (it has more facts)

(their evidence is not logical/contradicts itself) (history proves it to be true)

(their evidence has no facts) (Their author is biased) (it takes into account their argument)

( ) (their evidence supports our argument)

[WRITE IN YOUR OWN!]
[EXPLAIN HOW YOUR OPTION IS TRUE BELOW]

China’s economy is stable and growing despite a small slowdown. They are not going to collapse. Their authors tend to exaggerate because they have large investments on the stock market and are worried about the stability of the economy.

[EXPLAIN WHY YOUR OPTION MATTERS BELOW]



This matters because: their economic collapse impact won’t happen if the economy is stable and improving.

  1. The US economy is growing nicely



New York Times, May 2016 [“U.S. Economy Better Than Thought, but Still Weak”, May 27, http://www.nytimes.com/2016/05/28/business/economy/us-economy-gdp-q1-growth-revision.html?_r=0]
On Friday, the Commerce Department raised its estimate of the pace of growth in the first quarter of 2016 to 0.8 percent, a move driven mostly by better data on inventories and housing. Other areas of the economy, especially manufacturing and mining, still face significant headwinds. One explanation for the hesitancy of businesses to spend is pressure on earnings after several years of expanding margins. The Commerce Department said corporate profits rose just 0.3 percent in the first quarter, after a 7.8 percent drop in the fourth quarter of 2015. “It just confirms that we had a soft start to the year but not quite as bad as we thought,” Ethan Harris, head of global economics at Bank of America Merrill Lynch, said on Friday. “Business investment was very weak, but the one bit of positive news was a surge in home construction. We’re still in the recovery stage in the real estate market, especially for multifamily buildings.” The government’s initial estimate of first-quarter economic activity, released in late April, showed an annual growth rate of 0.5 percent. The third and final estimate for growth will be released on June 28. For the second quarter, which covers April, May and June, most experts forecast that the pace will pick up to about 2.5 percent. Underscoring the consumer’s ability to shrug off the anxiety that has gripped some businesses, the University of Michigan said on Friday that its monthly survey of consumer confidence in May showed sentiment at its healthiest level since June 2015. Expectations for future growth improved among both high- and middle-income households, according to the University of Michigan researchers. The reports on Friday also suggest that 2016’s economic trajectory will follow an arc that has bedeviled forecasters for years: a soft first quarter followed by a turnaround in the spring even though underlying conditions remain largely the same throughout the period.


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