China Drama

I guarantee that if most American's go through the things that they own, this includes books, appliances, clothes, etc, they will find that a large amount of those products will have a label on them  (or had at one point) saying "Made in China". The point that I am trying to make is that America and China are directly related to one another, particularly when it comes to the economy of each nation.

A three part series made up of three articles describes the pros and cons of Chinas wide-spread production and consumption. For the United States, the trade process we have with China has been extremely beneficial. The US ran a $900 billion deficit with the world in 2006, equivalent to 7 percent of its economy and a quarter of that was with China alone. Interestingly enough, however, the United States has been borrowing money from China for quite some time now.

Also, the emergence of China as both producer and consumer now means that China, not the US, has become the largest trading partner for a number of other nations. As a result, Washington has relatively less influence over these governments on a range of issues. Now, the majority of US citizens are worried that the United States will not be able to maintain a successful business agreement with China. 

This is extremely important considering that now that the United States economy is in such a drastic situation, China's support basically controls a number of companies that are at risk of going bankrupt. Even though this issue is not as big of a concern as it was back in 2006, it still has the potential to have a huge effect on America's economy. This is important to remember, as well as the options American's have to do whatever they can to help. Everything is not entirely in our control, so we must be careful with the international decisions that we make from here on out.