Congress is debating strict new controls on high-technology exports. It’s not surprising: Today’s headlines are full of allegations that China has been trying to filch U.S. nuclear secrets, following several years of revelations about the questionable export of military technology.

It all puts American companies and their Washington advocates on edge: If such rules were to be implemented, U.S. computer, aerospace, and nuclear firms could find their access to China’s market of more than a billion people seriously impeded.

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