There is no doubt that China will improve its educational processes and standards over time but it is premature to worry about its competitive advantage over the U. S.

我坚信中国将会改善教育制度并提高标准，但我确实认为，担心中国比美国更具竞争优势为时尚早。

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Also imagine what compliance with these regulations is doing to our legal system, which used to be a competitive advantage for U.S. businesses worldwide.

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Now, in the wake of our own financial crisis, a globalizing economy with large banks throughout Europe, Asia and the rest of the world, do we want to hinder the competitive advantage of U.S. firms and reduce the reach of our regulators?

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Second, by endorsing a rise in the Chinese currency relative to the dollar, the president and those who support this policy put at risk the vast soft power and competitive advantage the U.S. enjoys by providing Asia and the rest of the world a reliable currency for engaging in trade in goods and financial instruments.

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