We're all for letting the market handle it... except when we aren't.
If they are going to start beating us at our own game we'll take our ball and go home.
Normally, at this point, if we were talking about jobs going to workers in sweat shops making 20cents an hour, we'd hear the endless call for people to stop their whining and learn to compete in the glorious global market. But people making serious money feel threatened here. That calls for a government response.
And now we return you to our neo-liberal drumbeat. Please have the good grace to forget what you just saw.
Every industry needs regulation. If a new company with an unlimited amount of money (China) goes into any industry and can undercut every other vendor because they steal the money from their own people it's not fair to begin with. They will simply undercut until everyone else is out of business and then go back up in price. That's not the free market, that's simply free pockets. Everybody in the free-market should play by the same rules and the Chinese play by their own completely!
5th -- "The relationship between what we see and what we know is never settled..."
It's a fair point and I'm glad to see you say that every industry needs regulation. I wonder, though, whether you would be prepared to stick to this argument if the chinese weren't involved. The argument you are making for interfering in the ability of a chinese company to use deep pockets to subvert competition could also be made about the behavior and power of many american companies that control their markets. Are you willing to tolerate governmental interference in such situations as well?