China has surpassed Germany as the world's largest exporter. It is the largest holder of American Treasury bonds, nearly $800 billion. America runs its largest trade deficit by far with China. The low-price flood of goods—the Wal-Mart trade—is pervasive. Now the U.S. even runs a growing deficit in advanced technology products.
A really smart student intern I’ve had the privilege of working with (Jonathan Flack, GWU 2010) asked a really stupid question. “Why,” he asked, “Do we give China everything it wants? Why don’t we challenge them?” more »
On the heels of President Obama's trip to China, Carolyn Bartholomew, the chair of the U.S.-China Economic and Security Review Commission, and Clyde Prestowitz, the president of the Economic Strategy Institute, discuss how the United States should respond to the Chinese economic juggernaut. more »
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President Obama is home from China and the U.S.-China Economic and Security Review Commission today releases its 2009 report to Congress. What have we learned? That we need to pay attention because we’re getting schooled. more »
I like that President Obama accords his Asian peers with respect, bowing if tradition calls for it, even though it raises the hackles of some wingnuts. But bowing to the wishes of China is another matter altogether. I'm completely underwhelmed with the results of the President's trip to China, especially with so much at stake. more »
President Obama said Saturday in Tokyo, Friday in the US, that "One of the important lessons this recession has taught us is the limits of depending primarily on American consumers and Asian exports to drive growth." more »
China's artificial currency peg has come to be a problem for many world economies, including neighboring countries in Asia, many of whom now trade more with China than with the US. more »
This week, Barack Obama trips to China as part of an eight-day trip to Asia. The White House paints a full agenda: Afghanistan, human rights, North Korean nukes, climate change, trade relations, and the economy. But it's really just the economy, stupid.
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