Protectionism alive and well in China

The USA can't have protectionism. No, no, no that wouldn't be right. Free trade....It is all about open markets.

Tell that to the Communist Chinese. They didn't get the memo.

http://abcnews.go.com/Business/wireStory?id=10167081

"the government has increasingly steered business toward state-owned companies, ostensibly as part of efforts to boost innovation among Chinese firms"