"We could thus lose on two fronts. The Iranians get a green light to pursue their nuclear program while at the same time enjoying U.S. approval for their rising preeminence inside Iraq and the region."
The Export-Import Bank plays a useful role in sustaining a truly global marketplace in which firms compete based on productivity and service, without being subject to the frills of fussy governments. It deserves to be reauthorized.
A more nuanced explanation is that the PLAAF is faithfully executing the orders of the civilian leadership, but the incentive structure inside the Chinese military rewards tactical aggressiveness, rather than restraint.