First time I have read of Panda Hugging, that is where the US government is accused of focusing on China, instead of helping US manufacturers. The argument being that China is unfairly targeting the growth of the manufacturing industry, at the cost of the US of theirs. And that is it strategically important for the US to keep a good manufacturing base.

China's Gains in Manufacturing Stir Friction Across the Pacific - Wall Street Journal.

Labels: china's future