Made In The U.S.A.

One more thing about China.

In Adventures on December 3, 2009 at 12:38 am

If you would care to read more about our increasing trade imbalance, specifically as it relates to the 60% (or $22 billion) of our outgoing funds traveling directly to China, you should click here to read an article from Time. Or you could just read this excerpt:

Japan seemed like a fearsome economic rival a quarter-century ago, but it wasn’t really a political rival and, with a population less than half that of the U.S., it was unlikely ever to surpass the U.S. as an economic power. China, with its billion-plus population, seems destined to surpass the U.S. in economic clout, and it appears to have designs on rivaling the U.S. as a political and military power. Which means there’s no easy way out of the U.S.-China trade impasse.


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